Available in:

OnDemand Course

International Purchasing Fundamentals

Familiarize yourself with trade regulations and the legal issues of international purchasing and supply chain management.

International purchasing fundamentals focuses on the critical issues that must be considered when U.S. companies source products outside of the U.S. Starting with the fundamental issue of finding the right international manufacturer or supplier, the topic continues with supply chain issues that arise after the product is manufactured and must be transported to the U.S. purchaser. It also includes a discussion of financial considerations in international purchasing, including defining landed cost, anti-dumping and countervailing duties, and currency exchange. International purchasing fundamentals concludes with an overview of trade regulation (export and import) and other legal issues that all international purchasing and supply chain management professionals will want to familiarize themselves with so as to understand the fundamental differences between domestic procurement and international purchasing.

87 minutes
Course Exam
Certificate of Completion
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Sourcing Decisions

  • Evaluating the Pros and Cons of International Sourcing
  • Strategic Procurement Decision Making and Variables to Be Considered

Internation Sourcing Considerations

  • Product Quality Requirements and Availability of Foreign Manufacturers
  • Availability of Raw Materials/Components and Costs
  • Availability of Skilled Labor and Costs
  • Transportation and Other Logistics Factors
  • Protecting Intellectual Property Rights (IPR)
  • Supply Chain Management (SCM)
  • Corporate Codes of Conduct
  • Regulatory Environment

Finding Quality Manufacturers

  • Locating the Right Manufacturer/Supplier
  • Certifications and Capacity
  • Culture and Language
  • Time to Market Factors
  • Country of Manufacture's Record of Protecting IPR; Know the Risks
  • Labor Conditions and Costs
  • Political Stability

Transportation

  • Location of Factory
  • Packaging Goods for International Transportation
  • Inland Transportation (to Seaport or Airport)
  • International Transportation
  • Insurance
  • Security

Supply Chain Management (SCM)

  • Communication With Manufacturer - EDI Capabilities?
  • Quality Inspections and Reports
  • Supply Chain Partners and Shipment Tracking
  • Monitoring Threats to SCM - Internal and External
  • Factory Inspections and Audits
  • U.S. CTPAT Membership

Financial Considerations

  • Calculating Total Landed Cost
  • Anti-Dumping and Countervailing Duties
  • Currency of Purchase and Exchange Issues
  • Documentation of International Purchase
  • Tax Considerations

Regulatory and Legal Issues

  • Export and Import Regulations
  • Country of Origin Determinations
  • Protecting IPR
  • Environmental Regulations
  • Controlling for Forced Labor and Child Labor
  • Internal Compliance Programs to Mitigate Risk
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 24, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Lynne W. Wendt

Lynne W. Wendt

Wendt & Temples, LLC

  • Have represented importers and exporters before U.S. Customs and Border Protection (CBP), and other federal agencies, including the FDA, FTC, CPSC, DOC, EPA, TTB, OFAC, FMC, and the USTR, for over 25 years
  • Have represented importers in CBP regulatory audits and in developing internal compliance programs to mitigate against regulatory liability for import activities
  • Have represented importers in conducting internal compliance reviews, making recommendations for policies and procedures, filing prior disclosures, and developing internal compliance programs
  • Have represented importers in penalty cases and liquidated damages claims to mitigate liability
  • Worked with importers to confirm tariff classifications and customs valuation; filed CBP ruling requests on tariff classification, value, USMCA and CAFTA-DR origin determinations, and special merchandise; filed protests to challenge tariff classification and/or value to obtain refunds
  • Represented importers in filing Section 232 Steel and Aluminum Exclusion Requests with the U.S. Department of Commerce
  • Represented importers in filing Section 301 China Tariff Exclusion Requests with the USTR
  • Represented U.S. Customs Brokers in licensing matters and penalty cases before CBP
  • Represented U.S. Freight Forwarders (OTIs) in licensing and penalty cases before the FMC
Purchase Options

Add to Wishlist

More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 407109
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!