Executing A Global Sourcing Strategy

Develop a strategic plan to meet your global sourcing goals


121 student reviews

With all the talk about the global sourcing that many companies are doing, one may think that it is easy, right? That perception could not be further from the truth. Global sourcing may be one of the most complex activities you'll encounter as a purchasing professional.

There's no doubt about it – global sourcing is a challenge with many opportunities to fail. There are many complex processes that need to be done right. It's not enough to know what those processes are. You need to know how to perform those processes in order to be successful.

Despite the challenges of global sourcing, purchasing professionals do succeed at it. They succeed because they know specifically how to handle all of the situations involving coordinating logistics, dealing with customs, arranging payment, identifying countries for sourcing, finding suppliers, calculating landed cost, assessing risks, and implementing their global contracts. Our highly personal and interactive online course "Executing A Global Sourcing Strategy" will teach you how to take global sourcing from a concept to a successful reality!

You will learn a strategy for selecting products, countries, and potential suppliers for your first global sourcing initiative, plus...

  • How to make your work easier by working with logistics support organizations such as freight forwarders and customs brokers
  • The critical details you must know about ocean and air freight
  • How to determine global shipment quantities and frequencies
  • How to ensure smooth customs clearance
  • How the various duties, taxes, and fees affect total cost of ownership
  • 13 Incoterms and how to use them to properly allocate the costs and risks of global shipments
  • How you may be impacted by the large number of regulations affecting shipments to the United States
  • The advantages and disadvantages of the channels for your global sourcing effort, including international procurement offices, supplier's subsidiaries and representatives, third party IPO's, and direct ordering
  • The various global payment methods such as letters of credit, wire transfer, and supplier credit
  • 8 steps for evaluating prospective global suppliers and, ultimately, selecting the best one
  • Terrorism issues related to global supply chain management
  • How to use a landed cost model, which is provided with the course
  • How to integrate risk analysis techniques into your global sourcing strategy to evaluate the potential effect of exchange rate fluctuations, the need for unplanned expedited shipping, and more

NOTE: This class will be most effective if you also take it in conjunction with "Basics of Smart International Procurement," which covers the fundamentals of preparing to buy globally including understanding differences in culture, communications, laws, currencies, and more.

Sign Up For This Online Purchasing Class

A great thing about this online class is that you are GUARANTEED to be able to apply what you learn to your work. That's right - your online learning experience is 100% risk-free. If you are not satisfied for any reason whatsoever, let us know within seven days of signing up and you will get a hassle-free refund. But you'll undoubtedly be delighted, just like the thousands of other purchasing professionals we've trained.

Fundamentals of Purchasing "Executing a Global Sourcing Strategy is a useful course for any sourcing professional who interacts with suppliers outside of his/her own country. While it undoubtedly covers information which seasoned purchasers would have learned by experience, it also offers a fairly detailed examination of the impact of varying cultures in business interaction. Incoterms are aptly and simply explained, consideration is given to risks which are inherent in international procurement and the lessons offer useful information about supplier evaluation and contract monitoring as well. Some of the information is specific to regulations within the USA but as a national of Barbados I still found the course to be relevant and worthwhile."

Katharine Caddle, SPSM
Procurement Officer
Barbados

Here's how this online class works. Within 24 hours of signing up, you will receive an email containing a user name, a password, and instructions. After receiving this email, you will be able to begin the class immediately!

That's right – you start the course when YOU want to, not when a schedule demands that you start. You don't have to wait to start transforming yourself into a world-class purchasing professional. You will log into the online classroom through NextLevelPurchasing.com and will be able to access the eight lessons of the class for 60 days.

You can complete the eight lessons of the course whenever you want to, as quickly or deliberately as you would like. There is no specific time that you have to be online. Each lesson takes approximately 30 to 60 minutes to complete. You can stop after doing each lesson or take multiple (or even all) lessons at one time. So for any given time that you choose to log in to the online classroom, you might spend just 30 minutes online (to take just one lesson)or up to eight hours online (if you want to complete the entire class in one sitting). It is all up to you! By participating in these lessons, you will:

  • Read powerful, practical, and easy-to-understand class material
  • Engage in exciting hands-on, interactive, Web-based exercises
  • Listen to optional audio clips of the material
  • Watch optional video summaries of each lesson
  • Take quizzes that provide you with immediate feedback
  • Play a fun mid-term game to reinforce your learning
  • Ask questions of our instructor and get personal responses quickly

By enrolling in this class, you will be on your way to earning your SPSM2® Certification. Executing a Global Sourcing Strategy satisfies a portion of the requirements towards earning the SPSM2® Certification.

Completing "Executing a Global Sourcing Strategy" will award you with 8 Continuing Education Hours.* These continuing education hours will satisfy a portion of the SPSM recertification requirements. Click here for more information on SPSM recertification and other continuing education opportunities.

When you complete this class, you will receive a Certificate of Completion! This full-color purchasing certificate is sent to you by postal mail and is suitable for framing. Here's what our certificates look like:

Fundamentals of Purchasing - Purchasing Fundamentals

By completing this course you will also gain access to the Lifetime Purchasing Skills Retention Package, free of charge. The Lifetime Purchasing Skills Retention Package is designed to support a lifetime return of your training investment through skills-sharpening material and services that are absolutely free. This service is available for every full-length course you complete and includes:

  • Monthly retention emails which focus on important course learning objectives
  • Access to a Quick Reference Guide which allows you to review key points on demand
  • Invitations to quarterly review webinars

And if you sign up for this purchasing training class on or before April 30, 2014, you will get all of these bonuses:

  • FREE printer-friendly, PDF version of the class material!
  • FREE Purchasing Performance Measurement spreadsheet template!
  • FREE access to educational Web-audio interviews with supply chain leaders!

The class and all of these bonuses are yours for only $229 (US) per student . Don't procrastinate and lose out on all of these bonuses.

Need more information? Click here to send us your questions.

Other Online Classes Available:

SPSM Certification Program (6 classes)
Mastering Purchasing Fundamentals
Microsoft Excel for Purchasing Professionals
Supply Management Contract Writing
Powerful Negotiation for Successful Buying
14 Purchasing Best Practices
Savings Strategy Development
Expert Purchasing Management
Professional Purchasing Project Management
Basics of Smart International Procurement
Finance for Strategic Procurement, Part I
Finance for Strategic Procurement, Part II
Profitable Inventory Management and Control
Improving Quality in the Supply Chain
Dominando los Fundamentos de Compras
Managing Supplier Performance (FREE Express Course)
Negotiation No-No's (Express Course)
15 Rules For Ethical Supplier Interaction
Secrets of Painless Services Contracting, Part I
Secrets of Painless Services Contracting, Part II
Increasing Your Personal Productivity, Part I
Increasing Your Personal Productivity, Part II
Preventing and Managing Backdoor Selling
How To Plan For Outsourcing Success
7 Critical Steps of Effective Supplier Selection
Procurement KPI's & Business Acumen, Part I
Procurement KPI's & Business Acumen, Part II
Procurement KPI's & Business Acumen, Part III
Procurement KPI's & Business Acumen, Part IV
Tips For Regret-Free Supplier Communication
How To Take Charge of Your Procurement Career
Supplier Development Program Basics, Part I
Supplier Development Program Basics, Part II

*Participants who successfully complete this program will receive the specified number of hours of continuing education. They may be applied toward Next Level Purchasing's SPSM Certification program requirements as well as ISM C.P.M. recertification and/or A.P.P. reaccreditation program requirements. ISM's consent to provide a program number for this educational event is not an endorsement of this program or its content by ISM.

** Amazon.com is not a sponsor of this promotion. Amazon, Amazon.com, and the Amazon.com logo are registered trademarks of Amazon.com, Inc. or its affiliates. Amazon.com gift cards are issued by ACI Gift Cards, Inc. Restrictions apply to Amazon.com gift cards. Gift cards are redeemable only for purchases of eligible products on www.amazon.com and may not be redeemed for cash, unless prohibited by law. See www.amazon.com/gc-legal for complete terms and conditions. Next Level Purchasing will send your Amazon.com gift card by email approximately 8-12 days after you enroll.