International Procurement Operations: Strategies and Best Practices

Objectives:
• Understand the fundamentals of international procurement operations.
• Learn the key processes and procedures involved in sourcing goods and services globally.
• Explore strategies for effective supplier selection and negotiation in an international context.
• Develop skills to manage international supply chains and logistics efficiently.
• Gain insights into the legal and regulatory aspects of international procurement.
• Learn how to mitigate risks a ssociated with international procurement activities.
• Understand the importance of sustainability and ethical considerations in global sourcing.
• Acquire knowledge of emerging trends and technologies in international procurement.
Course Content:
Introduction to International Procurement
• Overview of global sourcing and procurement
• Importance of international procurement operations
• Differences between domestic and international procurement
Global Supplier Management
• Supplier selection criteria and evaluation methods
• Supplier relationship management (SRM) practices
• Strategies for building and maintaining supplier partnerships
International Contracting and Negotiation
• Contract types and terms in international procurement
• Negotiation techniques for achieving favorable terms
• Cultural considerations in international negotiations
Supply Chain Management in a Global Context
• Overview of international supply chain management
• Logistics and transportation considerations
• Inventory management and warehousing in global supply chains
Legal and Regulatory Frameworks
• International trade regulations and compliance
• Import/export documentation requirements
• Intellectual property protection and licensing agreements
Risk Management in International Procurement
• Risk identification and assessment techniques
• Strategies for mitigating currency, political, and operational risks
• Contingency planning and crisis management
Sustainable Procurement Practices
• Environmental and social responsibility in global sourcing
• Ethical sourcing standards and certifications
• Green procurement strategies and initiatives
Emerging Trends and Technologies
• Digital transformation in procurement operations
• Blockchain and smart contract applications in supply chain management
Case Studies and Best Practices
• Real-world case studies of successful international procurement operations
• Best practices and lessons learned from leading organizations
• Practical insights into overcoming common challenges in global sourcing
Future Directions in International Procurement
• Trends shaping the future of global procurement
• Innovations and disruptions in supply chain management
• Strategies for staying competitive in a rapidly evolving global marketplace

FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        14th – 17th Jan, 2025      

2ND BATCH:       17th – 20th June, 2025