Purchasing from Abroad

Have you ever considered purchasing goods, components or commodities from countries outside of the UK but didn’t know how to go about it?

Far-east and eastern European based suppliers can provide UK businesses with the significant opportunities to reduce costs and increase output without any additional investment but can also provide a ‘new set of business dilemmas’ which need to be thoroughly considered ahead of any change in supply chain strategy.

At the conclusion of the offshore purchasing course each delegate will be able to:-

• Identify components/services suitable for sourcing offshore
  
• Recognise the balance between price, cost and risk relating to offshore procurement decisions
  
• Understand where to find appropriate sources of information about reliable sources of supply
  
• Recognise the ‘hidden costs’ relating to duties, tariffs and other taxes
  
• Put steps in place to protect IPR
  
• Work around potential communication barriers

The Purchasing from Abroad course covers the following topics:-

• Defining your objectives
  
• Understanding ‘hidden costs’
  
• Building a real cost model
  
• Comparing risk and advantage

• Understanding your competitive advantage
  
• Raw Material, Subcontract and Human Resources
  
• The enquiry package

• Supplier identification
  
• Supplier selection
  
• Establishing a commercial relationship
  
• Lines of communication
  
• The importance of personal relationships
  
• Staying ahead of the competition

• Doing your homework
  
• The use of agents
  
• Logistics, Payment, Taxes and Duties
  
• Protection of Intellectual Property Rights (IPR)
  

The Purchasing from Abroad course is limited to a maximum of twelve delegates.