Global Sourcing Strategies & International Trade Compliance Training Course

Introduction

In an increasingly interconnected global economy, mastering global sourcing strategies and navigating complex international trade compliance regulations are crucial for achieving sustainable competitive advantage. This training course, "Global Sourcing Strategies & International Trade Compliance Training Course," equips professionals with the essential knowledge and practical skills to optimize international procurement and ensure seamless cross-border transactions. We delve into the intricacies of supplier selection, incoterms, customs regulations, trade agreements, and risk management, empowering you to build resilient and compliant global supply chains. By mastering these strategies, you'll enhance your organization's market reach, mitigate trade-related risks, and drive significant cost efficiencies.

This program focuses on actionable insights and real-world implementation, enabling participants to develop and execute effective global sourcing plans and trade compliance programs. We explore the latest advancements in digital trade platforms, automated customs solutions, and supply chain visibility tools, emphasizing practical case studies and interactive exercises. You'll learn how to measure and report trade compliance performance, engage stakeholders, and foster a culture of global awareness within your organization, ultimately transforming international trade into a strategic asset.

Target Audience:

• Procurement and Sourcing Managers
• International Trade Compliance Officers
• Supply Chain Managers and Directors
• Logistics and Operations Professionals
• Customs Brokers and Freight Forwarders
• Import/Export Specialists
• Legal and Compliance Professionals

Course Objectives:

• Understand the fundamental concepts of global sourcing and international trade compliance.
• Learn how to develop and implement effective global sourcing strategies.
• Master the principles of international trade regulations and customs procedures.
• Develop skills in managing import/export documentation and compliance.
• Learn how to utilize incoterms and trade agreements effectively.
• Understand the role of risk management in global sourcing and trade compliance.
• Implement strategies for ensuring supply chain security and trade facilitation.
• Learn how to conduct supplier audits and assessments for international compliance.
• Develop skills in utilizing technology for global trade management.
• Analyze the impact of global trade policies on sourcing decisions.
• Understand the legal and ethical considerations in international trade.
• Develop strategies for engaging stakeholders and building global partnerships.
• Stay updated with the latest trends and advancements in global sourcing and trade compliance.

DURATION

10 Days

COURSE CONTENT

Module: Introduction to Global Sourcing & Trade Compliance

• Overview of global sourcing and international trade concepts.
• The importance of trade compliance in global supply chains.
• Key drivers and trends in international trade.
• Understanding the interconnectedness of sourcing and compliance.
• The role of global sourcing in achieving organizational goals.

Module: Developing Global Sourcing Strategies

• Creating global sourcing plans and frameworks.
• Conducting market research and supplier identification.
• Developing supplier selection and evaluation criteria.
• Implementing global sourcing risk assessments.
• Utilizing strategic sourcing methodologies.

Module: International Trade Regulations & Customs Procedures

• Understanding customs regulations and procedures.
• Navigating import/export documentation requirements.
• Implementing tariff classification and valuation procedures.
• Ensuring compliance with trade sanctions and embargoes.
• Utilizing authorized economic operator (AEO) programs.

Module: Import/Export Documentation & Compliance

• Managing commercial invoices and packing lists.
• Utilizing certificates of origin and customs declarations.
• Ensuring compliance with product labeling and marking requirements.
• Implementing export control and licensing procedures.
• Utilizing electronic data interchange (EDI) for customs clearance.

Module: Incoterms & Trade Agreements

• Understanding incoterms and their impact on trade transactions.
• Utilizing free trade agreements (FTAs) and preferential trade arrangements.
• Navigating regional trade agreements and customs unions.
• Implementing rules of origin and trade preferences.
• Utilizing trade facilitation agreements.

Module: Risk Management in Global Sourcing & Trade

• Identifying and assessing trade-related risks.
• Developing risk mitigation strategies and contingency plans.
• Utilizing trade insurance and risk transfer mechanisms.
• Implementing supply chain security measures.
• Conducting trade compliance audits and assessments.

Module: Supply Chain Security & Trade Facilitation

• Implementing supply chain security programs (C-TPAT).
• Utilizing secure transportation and logistics practices.
• Ensuring compliance with anti-terrorism regulations.
• Implementing trade facilitation measures.
• Utilizing technology for supply chain visibility and tracking.

Module: Supplier Audits & International Compliance

• Conducting supplier audits for international compliance.
• Utilizing audit checklists and protocols.
• Identifying and addressing compliance gaps.
• Developing corrective action plans.
• Monitoring supplier compliance performance.

Module: Technology for Global Trade Management

• Utilizing global trade management (GTM) software.
• Implementing customs automation and electronic filing systems.
• Leveraging data analytics for trade compliance insights.
• Utilizing blockchain for trade finance and documentation.
• Implementing digital trade platforms and portals.

Module: Impact of Global Trade Policies

• Analyzing the impact of trade policies on sourcing decisions.
• Understanding the role of trade barriers and tariffs.
• Navigating trade disputes and investigations.
• Utilizing trade policy analysis tools.
• Adapting to changing trade landscapes.

Module: Legal & Ethical Considerations

• Understanding international trade laws and regulations.
• Navigating customs law and trade sanctions.
• Ensuring compliance with anti-corruption and bribery laws.
• Implementing ethical sourcing and trade practices.
• Developing conflict of interest policies.

Module: Stakeholder Engagement & Global Partnerships

• Engaging internal stakeholders in global sourcing initiatives.
• Building collaborative relationships with suppliers and customs brokers.
• Developing cross-functional trade compliance teams.
• Communicating trade strategies and performance.
• Fostering strategic partnerships with global trade organizations.

Module: Advanced Trade Compliance Strategies

• Implementing duty optimization and drawback programs.
• Utilizing foreign trade zones (FTZs) and bonded warehouses.
• Developing advanced customs compliance strategies.
• Implementing transfer pricing and valuation methodologies.
• Utilizing advanced trade data analytics.

Module: Case Studies & Best Practices

• Analyzing real-world global sourcing and trade compliance case studies.
• Learning from industry leaders and best practices.
• Adapting successful models to your organization's specific context.
• Benchmarking trade compliance performance and identifying improvement opportunities.
• Developing continuous improvement strategies for global sourcing.

Module: Future Trends in Global Sourcing & Trade

• The rise of digital trade and e-commerce.
• Increased focus on supply chain resilience and diversification.
• The evolution of global trade agreements and regulations.
• The integration of technology in trade compliance.
• The future of collaborative trade and global partnerships.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.