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Course details
Overview
This comprehensive five-day program equips you with the essential knowledge and skills to navigate the exciting and dynamic world of Global Sourcing. Through interactive sessions case studies and practical exercises you'll gain a deep understanding of the strategic advantages of global sourcing develop expertise in supplier identification evaluation and management and learn best practices for navigating the complexities of international trade. By the end of this course you'll be well-prepared to leverage global sourcing to optimise your supply chain and maximise your organisation's profitability.
Objective
Develop a comprehensive understanding of the evolving landscape of global sourcing and its impact on businesses.
Evaluate the benefits and potential challenges of adopting a global sourcing strategy.
Master the critical steps involved in the global sourcing processfrom supplier identification to contract negotiation.
Develop effective techniques for evaluating and selecting the best international suppliers based on qualitycostand reliability factors.
Gain expertise in managing global supplier relationships for long-term success.
Understand the legal and regulatory considerations when sourcing goods and services abroad.
Develop strategies for mitigating risks associated with global sourcingsuch as currency fluctuations and political instability.
Learn best practices for managing logistics and transportation in a global supply chain.
Who Should Attend
Procurement Professionals: Looking to expand their skill set and expertise in international sourcing.
Supply Chain Managers: Seeking to optimise their supply chains and reduce costs.
Business Owners and Entrepreneurs: Aiming to leverage global sourcing to increase competitiveness and profitability.
Product Managers & Developers: Understanding how global sourcing impacts product development and lead times.
Anyone seeking to gain a competitive advantage through strategic global sourcing.
Course Outlines
Day 1: The Global Sourcing Landscape
Drivers of Global Sourcing: Explore the economic technological and geopolitical factors driving the trend towards global sourcing.
The Benefits of Global Sourcing: Analyse the potential advantages of a global sourcing strategy including cost reduction access to specialised skills and market diversification.
Potential Challenges & Risks: Identify challenges associated with global sourcing such as cultural differences communication barriers and transportation complexities.
Developing a Global Sourcing Strategy: Learn how to develop a strategic framework for implementing global sourcing within your organisation.
Day 2: Identifying & Evaluating Global Suppliers
Supplier Discovery Methods: Explore various techniques for identifying potential global suppliers including online platforms industry publications and trade missions.
Supplier Qualification Criteria: Develop a framework for evaluating potential suppliers based on quality cost reliability and other critical factors.
Request for Information (RFI) & Request for Proposal (RFP): Learn how to develop effective RFIs and RFPs to gather necessary information from potential suppliers.
On-Site Supplier Visits & Audits: Understand the importance of conducting thorough on-site visits and audits of potential suppliers.
Day 3: Negotiating & Managing Global Contracts
International Contract Negotiation: Explore critical considerations for negotiating contracts with international suppliers including cultural differences and legal frameworks.
Incoterms & International Trade Regulations: Understand the importance of Incoterms (International Commercial Terms) in defining responsibilities and risks in international trade.
Contract Clauses & Risk Management: Examine key contract clauses related to pricing payment terms intellectual property protection and dispute resolution.
Best Practices for Managing Supplier Relationships: Learn how to build strong and collaborative relationships with your global suppliers for long-term success.
Day 4: Logistics & Risk Management in Global Sourcing
Global Logistics Management: Explore the complexities of international transportation and logistics including customs clearance and transportation options.
Risk Mitigation Strategies: Learn how to identify assess and mitigate risks associated with global sourcing such as currency fluctuations and political instability.
Quality Control & Inspection: Understand the importance of quality control measures and inspection procedures for imported goods.
Compliance with International Trade Regulations: Gain insights into complying with various international trade regulations including customs laws product safety standards and labour regulations.
Day 5: Implementing a Successful Global Sourcing Strategy
Developing a Global Sourcing Action Plan: Translate theory into practice by building your global sourcing strategy.
The Future of Global Sourcing: Explore emerging trends and technologies impacting global sourcing practices.
Course Wrap-Up & Q&A
Job roles this course is suitable for:
Procurement Professionals , Supply Chain Managers , Business Owners , Product ManagersAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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