Basics of Smart International Procurement
Learn the fundamentals of international procurement
Are you responsible for increasing your organization’s international procurement and don’t know where to begin?
International procurement is a challenge. Buying internationally is much more complex than buying domestically.
Buying internationally involves having to expand your knowledge of many aspects of procurement that you don’t have to worry about when buying domestically. Differences in cultures, laws, communications, currencies, and more have to be understood to support international procurement. And if you don’t have a good foundation, your international procurement efforts will have a higher probability of failing.
But the good news is that the details of successful international procurement don’t have to be a mystery. Our highly personal and interactive online course “Basics of International Procurement” will teach you the critical things every purchasing professional needs to know before buying from foreign suppliers!
SPSM-BOK® Level: 2
Competency: Basic Global Buying
CEHs: 8
![Professionals learn the basics of international procurement.]()
Basics of Smart International Procurement
Learn the fundamentals of international procurement
Are you responsible for increasing your organization’s international procurement and don’t know where to begin?
International procurement is a challenge. Buying internationally is much more complex than buying domestically.
Buying internationally involves having to expand your knowledge of many aspects of procurement that you don’t have to worry about when buying domestically. Differences in cultures, laws, communications, currencies, and more have to be understood to support international procurement. And if you don’t have a good foundation, your international procurement efforts will have a higher probability of failing.
But the good news is that the details of successful international procurement don’t have to be a mystery. Our highly personal and interactive online course “Basics of International Procurement” will teach you the critical things every purchasing professional needs to know before buying from foreign suppliers!
You will learn:
- How to assess the cultural differences that you may experience with suppliers from different parts of the world
- 7 key characteristics of cultural differences that you need to know to avoid any unpleasant surprises from your suppliers
- How to determine whether international suppliers might be withholding bad news from you
- How international suppliers differ in the importance they place on personal relationships
- How the importance of contracts will differ among international suppliers
- When you might face one of the worst shocks – an international supplier’s request to renegotiate a contract
- 5 critical clauses that should be included in every international procurement contract
- 6 principles for writing contract language that is clear and ideally suited for international procurement situations
- Tips for reducing intellectual property risks
- How to handle communication when you and your supplier have different native languages
- Little known facts for reducing communication misunderstandings with foreign suppliers, including the use of jokes, hand gestures, and written communications
- How exchange rates get factored into international procurement transactions
- How to calculate currency conversions
- Currency risks associated with international procurement transactions
- How hedging tools like forward contracts and options are used to protect buying organizations from cost increases
- 3 ways that products and services are priced and a currency strategy for each
- The increased significance of accurate forecasts in international transactions and how poor forecasts impact cost
- A risk sharing formula that truly distributes risk equally between a buyer and a foreign supplier
How This Online Course Works
Start this on-demand course any time after you enroll; there’s no pre-scheduled start date!
This course has 8 lessons; it will take you between 30-60 minutes to complete each lesson.
Progress through the course at your own pace, accessing easy-to-understand reading material, exciting exercises, optional multimedia, quizzes, and even a fun mid-term game!
What if you have questions on the material? Ask a friendly, expert instructor any questions you may have!
Learn best practices and processes designed so that you can apply your new skills in the real world!
To learn more about how full-length online procurement courses from the Next Level Purchasing Association work, watch this short video.
What are others saying about this course?
Karen M Bushnell, MBA, SPSMPurchasing/Facilities Manager
Jacksonville, Florida, USA
Ready To Enroll?
If you are:
- Someone who buys, or wants to buy, from international suppliers
- Looking for ways to quickly learn the complexities of international procurement
Then “Basics of Smart International Procurement” would be a great course for you.
Bonuses for enrolling by deadline below:
- FREE printer-friendly, PDF version of the course material
- FREE Lifetime Purchasing Skills Retention Package
Number of Courses: 1
Length of Training: 6-8 hours
Duration of Access: 60 days
Start Date: Access begins as soon as you enroll
Cost: $229 US
Interested, But Have A Few Questions?
For immediate assistance, call our office at +1 (412) 294-1990 and speak with a member of the NLPA Team, Monday through Friday from 8AM to 5PM Eastern US Time.
Click on the button below to submit your questions electronically and a member of the NLPA team will contact you within one business day.
