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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.

Runtime: 87 minutes
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Why Lorman?

Over 33 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
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Why Lorman?

Over 33 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 Webinar

This course was last revised on March 24, 2020.

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

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • ISM 1.25
     
  • Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

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

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  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

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Why Lorman?

Over 33 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

  • Member of Wendt & Temples, LLC, a law firm concentrating its practice in customs, international trade and immigration law in Atlanta, Georgia
  • More than fifteen years’ experience in international trade and in representing business clients in import and export transactions
  • In addition to representing clients before the U.S. Customs Service and other federal agencies that have jurisdiction over imports and exports
  • Firm conducts regulatory compliance audits, customized seminars and employee compliance training programs for importers and exporters
  • Licensed customs broker, is a frequent speaker on import and export issues
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Why Lorman?

Over 33 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.

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Product ID: 407109
Published 2020
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