Course details
Today's organisation 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 in order to effectively provide measurable best value for their organization. In this programme you will study:
- Key principles and tools for global supplier sourcing
- Vendor auditing and compliance
- Shipping options, Insurance and Incoterms
- Developing cost efficient supply chain logistics
CONFERENCE OBJECTIVES
- 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
CONFERENCE METHODOLOGY
A blend of delivery styles to ensure that all delegate learning patterns are catered for; oral, visual & kinesthetic. Programme content will follow a format of: introduction of a topic, discussion of the topic to aid theoretical understanding and place the topic within the wider process context. Real world client examples will be utilized throughout, which will be combined with practical exercises for each topic, leading to delegates having applied theory, discussion, and practice to the whole international trade and shipping process throughout the programme.
CONFERENCE SUMMARY
This conference covers the essential skills required by both managers and technical specialists to develop effective international trade and cost effective shipping strategies. The programme begins by exploring the challenges organizations face when trading globally and further develops to equip delegates with the requisite skills to effectively identify and manage risk within the supply chain, understand cost drivers within shipping and to develop strategies and processes covering compliance and financials which drive best value in line with their organizational market space.
CONFERENCE OUTLINE
International Trade - Challenges and Opportunties
- 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
Practical applications - 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
Practical applications - 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
Practical applications - 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
Practical applications - 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
- Delegate action planning
Course Location
About PetroTech
Knowledge
The adage that “knowledge” is power holds very true in this industry. In order to maximize results we are constantly updating and upgrading ourselves. This commitment to ongoing skills development is one of the reasons we are success, the belief that there is a “better way to do things” is what motivates us each and every day. By aligning with us you are going to benefit from our years of expertise in real world scenarios. Classroom learning is great but there is no substitute to real world experience which is what we are bringing to the table.
Quality
Billionaire investor Warren Buffett said “price is what you pay but quality is what you get” and that expression is very true. With use we understand that your time is very valuable and you only want the best and most current industry related knowledge which is what we bring to the table. Instead of giving you massive amounts of inaccurate or outdated information you get precisely what you want, the most current knowledge so you can make truly informed decisions that will directly impact productivity and your bottom line. When results are what you are looking for then the choice is clear, we are your partners in success.
Innovation
Technology has revolutionized the way knowledge is disseminated in throughout the world, what use to take months or even years to reach the masses can be done in a few hours ! In order to remain relevant and viable we need to embrace innovations. The challenge with innovation is knowing when to implement it and what type of return you can expect from it. Instead of risking your time and resources we have the answers for you, Since we are at the vanguard of the industry whenever there is a fruitful innovation we will be there providing you with the information needed to make the right decision.
Respect
We understand you may have unique need so we provide a tailored made (bespoke for our U.K. friends) approach that will address your questions in the most conducive manner possible. Respect to us means putting your interests, your needs at the forefront of our mind. You will see how genuine we are and that you not just “some customer” you are our partner in success just as much as we are your partner in success. We firmly believe in the “golden rule”, treat others with graciousness, courtesy and respect. Come experience the difference that quality and respect makes and you will truly be amazed.
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