Sourcing and purchasing processes are essential to the success of modern organisations. This increasingly means sourcing both locally and internationally, each of which has associated costs and benefits. This course studies the strategic issues related to international sourcing, the pitfalls and best practices, and builds on the topics covered in the International Sourcing and Purchasing Module.

WHO SHOULD ATTEND

This course is designed personnel involved in the procurement, specification or use of goods or services that need to be sourced internationally including buyers and project managers. The course is designed to ensure that all personnel are aware of the challenges and opportunities involved in international sourcing.

COURSE PROFILE

• ·         Review of key points from International Sourcing and Purchasing module
• ·         Category management

-          Communication strategies

-          Outsourcing, Partnering, Alliances and arms-length relationships

• ·         Inventory and stock       

-          Just in time vs. stock holding

-          Consignment stocking

• ·         Advanced Tendering

-          E-auctions

-          Competitive dialogue

-          Procedures and consistency

• ·         Supplier Development

-          Development of local suppliers and new suppliers

-          Developing shift teams

• ·         Risk Management

-          Contingency Planning, SWOT and PEST Analyses

• ·         Legal issues

-          International Corruption index and laws

-          Cultural issues, Environmental Purchasing

-          Incoterms 2010

• ·         Action Planning

SKILLS ATTAINED

At the end of the course delegates will be able to:

• Understand and manage the key issues associated with International Sourcing
• Develop and extend supplier relationships
• Manage international suppliers
• Use best practice in international sourcing