Why Choose this Training Course?
Incoterms is a broad definition and makes it simple for organisation to set contractual agreements in international trade. They govern the actual cost of the movement of goods, when the risk transfer from supplier to buyer and managing liabilities issues through letter of credits.
The management of logistics and supply chain operation is a component essential and can be complex in our international trade and global economy. It is important to understand the new normal through blockchain technology. The application of Internet of things must be envisioned from the moment an organisation effects its export or import of product.
This Copex training course will feature:
- The different supply chain models and design
- The application and characteristics of Letter of Credit
- Implications of Incoterms “series of three-letter trade terms” related to common
- contractual sales practices
- The application of Blockchain and "Internet of things"(IOT) in Supply Chain
- Improving strategic sourcing activities, moving the process beyond cost saving
- The importance of planning in successful negotiations
What are the Goals?
By the end of this COPEX training course, participants will be able to:
- Differentiate the Supply Chain Models in International Trade
- Explore the ways Letters of Credits are utilized in International Trade
- Examine how IoT and blockchain is appropriate in the New Normal business environment
- Scrutinize the relationships between risk, cost and service in supply chains
- Apply best methods to optimise the best value in Procurement
Who is this Training Course for?
This course is aimed at supply chain management and operations and professionals who are involved and want to learn about new trends and technologies that will benefit organisation’s growth in international trade and logistics
This Copex training course is suitable to a wide range of professionals but will greatly benefit:
- Procurement, buyers and purchasing professionals in disciplines such as ICT, operations, marketing, finance, who wish to learn more about supply chain intelligence and international trade.
- Those who need to maximise value from procurement and the supply chain
- Those who need an understanding of the relationships between risk, cost and service in supply chains
How will this Training Course be Presented?
This course will utilise Gagne’s nine steps of instructions, a proven adult learning technique to ensure maximum understanding, comprehension and retention of the information presented.
The course is highly interactive and will prompt delegates to reflect on current practices and on their team goals. The tutor will guide and facilitate learning using a wide variety of methods including direct input, discussions, and case studies.
- Interpret Supply Chain management mission and vision
- Interpret Supply Chain Models and Types
- Relate Blockchain Application in the Industrial Revolution 4.0
- Apply The Internet of Things (IOT) in supply chain Models
- Interpret Risks in the Supply Chain
- Compare current application of Blockchain in the different industries and its benefits
- Discover the hierarchy of Suppliers in the supply Channel
- Show the suppliers in the Supply Chain tier management
- Preparing the should cost of product for market data gathering
- Relate RFI and RFP in gathering supplier market information
- Formulate a supplier partnership relations Management
- Why use Letter of Credit (L/C) for International Trade
- Banks in trade facilitation
- Letters of Credit (the mechanism of the letters of credit & varying L/C)
- Opening a L/C (Important Requirements by Banks)
- The Next Dimension in Export Competitiveness
- The triangle trade procedure
- The relevance of Incoterms to Letters of Credit
- Types of Invoices and its relevance to trade documentation (commercial, tax, customs, consular, pro-forma invoice)
- Marine/Ocean Bills of Lading (Title, transfer, Control of goods (transferable B/L v. straight consigned), Delivery considerations)
- Other forms of transport document (Multimodal transport document, Airway Bill, Road, Rail or Inland Waterway transport documents, Non-negotiable / draft bill of lading)
- Insurance Policy/Certificate
- Other certificates (Certificate of Origin, Inspection Certificate, Phytosanitary, etc)
- Bills of Exchange
- Scrutinize the stages to effective Procurement through effective negotiation
- Construct Spend Analysis in in improving Supplier selection
- Analyze Total Cost Modelling of the Supply Chain
- Interpret Key Performance Indicators (KPIs) For Procurement
- Practice Supplier Positioning for effective performance
- Apply the appropriate criteria for Supplier Selection
- Use Cost Reduction Initiatives to improve the bottom line of the organization
- COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
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