Course Overview
Have you ever considered purchasing goods, components or commodities from countries outside of the UK but didn’t know how to go about it?
This one day course has been designed specifically for those buyers interested in the benefits offshore procurement, particularly to low cost geographies such as the Far East and Eastern Europe.
Far-east and eastern European based suppliers can provide UK businesses with the significant opportunities to reduce costs and increase output without any additional investment but can also provide a ‘new set of business dilemmas’ which need to be thoroughly considered ahead of any change in supply chain strategy.
This offshore purchasing interactive training course takes a practical Why, What, Where and How approach, allowing the buyer to identify the advantages and minimise the risks associated with offshore procurement.
What you will learn
At the conclusion of the offshore purchasing course each delegate will be able to:-
- Identify components/services suitable for sourcing offshore
- Recognise the balance between price, cost and risk relating to offshore procurement decisions
- Understand where to find appropriate sources of information about reliable sources of supply
- Recognise the ‘hidden costs’ relating to duties, tariffs and other taxes
- Put steps in place to protect IPR
- Work around potential communication barriers
Content
The Purchasing from Abroad course covers the following topics:-
Why
- Defining your objectives
- Understanding ‘hidden costs’
- Building a real cost model
- Comparing risk and advantage
What
- Understanding your competitive advantage
- Raw Material, Subcontract and Human Resources
- The enquiry package
Where
- Supplier identification
- Supplier selection
- Establishing a commercial relationship
- Lines of communication
- The importance of personal relationships
- Staying ahead of the competition
How
- Doing your homework
- The use of agents
- Logistics, Payment, Taxes and Duties
- Protection of Intellectual Property Rights (IPR)
Summary of the Key Elements of Success
The Purchasing from Abroad course is limited to a maximum of twelve delegates. Course costs cover the training session, a comprehensive set of course notes, lunch, refreshments and an attendance certificate.
This is a non-residential training course. This course can be delivered in-house if required. For further information contact Aster Training on 01296 720281 for a Free Consultation to discuss your training requirements.
Cost is exclusive of VAT which is chargeable at the current rate. Prices are correct at the time of publishing, but may be varied in line with market conditions from time to time.
