Global competition makes it increasingly important for American firms to contract with foreign companies in order to establish efficient and reliable sources of industrial materials and supplies. Topics include starting a global buying program; dealing with foreign cultures, business practices, monetary systems, and related legalities; writing international purchase orders; controlling global logistics costs; and U.S. programs designed to benefit importing buyers.
- Demonstrate basic procurement concepts.
- Differentiate the strategic vs. tactical functions of procurement
- Understand key best practices in global procurement organizations
- Understand common techniques used to select and evaluate suppliers
- Understand some of the unique issues when dealing with off-shore suppliers