International Purchasing Made Simple

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Description

Purchasing some of your requirements from overseas can be an important way of broadening your supplier base and of benefiting from real savings in cost.

Even allowing for transport, currency and importation expenses the total cost of procurement can often be very attractive and can allow you to purchase to your exact specification.

Many UK procurement professionals avoid purchasing from overseas in order to “keep things simple".  They believe it is much more difficult to deal with overseas suppliers than to stick with the local UK, market.

This can mean lost opportunities.

This 2-day course is intended for experienced UK purchasing professionals who are
interested to explore the opportun…

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Frequently asked questions

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Purchasing some of your requirements from overseas can be an important way of broadening your supplier base and of benefiting from real savings in cost.

Even allowing for transport, currency and importation expenses the total cost of procurement can often be very attractive and can allow you to purchase to your exact specification.

Many UK procurement professionals avoid purchasing from overseas in order to “keep things simple".  They believe it is much more difficult to deal with overseas suppliers than to stick with the local UK, market.

This can mean lost opportunities.

This 2-day course is intended for experienced UK purchasing professionals who are
interested to explore the opportunities overseas sourcing can bring.

The course will allow participants more readily to understand the processes involved in import trade. It can also
be useful to those newer to procurement processes, just so long as they have a sound basic understanding of the subject.

Topics covered will include:

Buying under Incoterms 2010
  • Choosing the correct term of delivery
Preferential Trading
  • How to lower your Purchase price through preferential Trade.
Be proactive not reactive, identify:
  • The correct Import Commodity Code
  • Rate of Import duty
  • Tariff Quotas
  • Anti Dumping duties
  • Import Licence requirements


Marine Insurance
  • Identifying the correct insurance cover for your purchases.
Pre Shipment Inspection.
  • Make sure you receive the correct quantity and quality from your overseas seller
Sourcing

The five ways to successfully source your suppliers.

Methods of payment in International Trade
  • Term and sight Bills of Exchange.
  • Cash against documents
  • Documentary Letters of Credit.
Controlling your freight costs
  • Understanding how Air and Sea freight rates are constructed
Terms and Conditions (T&Cs)
  • Building the most appropriate and favourable terms and conditions into your contract
Selecting your Clearing Agent
  • Make sure your clearing agents gives you the specific service you require 
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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.