Course Methodology

This course employs diverse interactive training techniques, including case studies, team exercises, videos, and questionnaires.

Course Objectives

By the end of the course, participants will be able to:

• Describe the fundamental principles and challenges of international procurement management as a basis for ensuring supply security, customer satisfaction, and cost savings
• Manage the end-to-end procurement process from requisition to payment to ensure efficiency and compliance
• Recognize the complexities of global trade and shipping to facilitate smooth cross-border transactions
• Construct conceptual ideas for the adoption of emerging technologies to impact sustainable procurement operations positively
• Develop strategies for effectively managing relationships with international vendors to drive mutual success

Target Audience

Buyers, senior buyers, purchasing supervisors, purchasing managers, and other supply chain staff.

Target Competencies

• International procurement
• Procure-to-Pay (P2P) cycle
• Vendor negotiations
• INCOTERMS 2020
• International shipping
• Technological trends
• Vendor relationship management

Introduction to International Procurement Management

• Overview of procurement
• Procurement management objectives
• Direct vs. indirect procurement
• Procurement matrix overview
• Category management
• Global sourcing strategies

The Procure-to-Pay (P2P) Process

• P2P process overview
• Purchase requisitions
• Sourcing and supplier qualification
• Vendor selection
• Negotiation strategies
• RFX and Purchase Order (PO) processing
• Good receipt and inspection
• Invoice processing

Global Trade and International Shipping

• The international trade map
• Major trading blocs & international agreements
• Key stakeholders in international trade
• International shipping modes
• Incoterms 2020 overview
• Customs procedures and international shipping documentation
• Overseas payment methods
• Global supply risks and mitigation strategies

Technological Trends in Procurement

• Prominent trends impacting procurement
• Disruptive technology in procurement
• Leveraging big data and analytics
• E-procurement
• Artificial Intelligence (AI) applications
• Blockchain applications
• 3D printing at site

Managing International Vendor Relations

• Partnership models
• Soft elements of vendor relations
• Cultural considerations
• Relationship management principles
• Communication strategies
• Vendor performance management