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.
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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 37 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.
- 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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Why Lorman?
Over 37 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
Wendt & Temples, LLC
- 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
- Represented importers in CBP regulatory audits and in developing internal compliance programs to mitigate against regulatory liability for import activities
- Represented importers in conducting internal compliance reviews, making recommendations for policies and procedures, filing prior disclosures, and developing internal compliance programs
- 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
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