training@mercury-training.com
Istanbul-Turkey: +905395991206 - Amman-Jordan: +962785666966 - London (UK): +447481362802

Procurement & Logistics Courses


International Trade & Shipping

REF:

PR4094_241053


DATE:

06 - 10 Nov 2022

LOCATIONS:

Manama (Bahrain)

INDIVIDUAL FEE: 2500


Introduction:

Today’s organization deals with ever-increasing levels of complexity when trading globally. Sourcing suppliers, managing quality, cost, and delivery through the supply chain requires managers to continually sharpen and update their skills to effectively provide measurable best value for their organization.

Targeted Groups:

  • Procurement Management
  • Purchasing Professionals
  • Supply Chain Management
  • Vendors Relationship Management
  • Procurement Professionals
  • Internatonal Trade Professionals
  • Transportation Management

Course Objectives:

At the end of this course the participants will be able to:

  • Develop cost-effective international vendor sourcing strategies
  • Develop an awareness of shipping options and cost structures
  • Construct effective global supply chain management strategies
  • Develop appropriate risk mitigation and marine insurance strategies
  • Ensure vendor compliance with international standards & CSR
  • Take away specific action plans to further develop their role and organizational benefit
  • Understand the key principles and tools for global supplier sourcing
  • Learn about vendor auditing and compliance
  • Recognize the shipping options, insurance and incoterms
  • Develop cost-efficient supply chain logistics

Targeted Competencies:

  • International trade
  • Foreign currency strategies
  • Global industry standards
  • Shipping Management
  • Supply chain & logistics
  • Vendor sourcing strategies
  • Customs handling

Course Content:

Unit 1: International Trade - Challenges and Opportunities

  • International trade – aligning strategy to organizational goals
  • Overview of geographic opportunities by industry sector
  • Common challenges faced by organizations trading internationally
  • Vendor sourcing strategies
  • Cross-cultural communication
  • Foreign currency strategies (FX)
  • Managing global supply chains

Unit 2: Vendor Sourcing & Management:

  • Constructing effective specifications and vendor positioning statements
  • Managing quality, cost and delivery
  • Incoterms
  • Additional value creation from sourcing
  • Geographic risk analysis - macro and micro levels
  • Compliance with global industry standards
  • Managing Corporate Social responsibility. (CSR)
  • Vendor auditing strategies and toolkit
  • Service level agreements (SLA)
  • International contractual and legal best practice

Unit 3: Shipping & Logistics Management: 

  • Overview of shipping cost drivers
  • Shipping options and impacts - consolidation, part container
  • Creating cost-effective & risk-mitigating shipping strategies
  • Marine insurance:
  • Establishing organizational cover levels
  • Premium cost drivers and premium reduction strategies
  • Use of emerging technologies - tracking, monitoring, security

Unit 4: Customs/Port of Entry:

  • The role of customs
  • Calculating import duty tariffs
  • Establishing correct import duty tariffs
  • Customs systems and process
  • Use of bonded warehouse
  • Duty deferment options
  • Use of freight forwarding agents

Unit 5: Finance & Documentation:

  • Establishing the organizational trade cycle
  • Impacts of the trade cycle upon cash flows
  • Advanced financial strategies for international trade
  • International supply chain document roadmap
  • Global best practice
  • Action planning

Procurement & Logistics Courses
International Trade & Shipping (PR4094_241053)

REF: PR4094_241053   DATE: 06.Nov.2022 - 10.Nov.2022   LOCATIONS: Manama (Bahrain)  INDIVIDUAL FEE: 2500 

 

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.

Istanbul Office (Turkey)

training@mercury-training.com +905395991206

London (UK)

training@mercury-training.com +447481362802

Amman (Jordan)

training@mercury-training.com +962785666966