In international transactions, the parties may have different values and customs; they have to adhere to different sets of governmental regulations and are subject to separate and distinct laws under disparate legal systems. So, to take a very basic example, the Terms and Conditions which are applied locally may not be enforceable internationally. Thus a new approach and an “international outlook” are required to be incorporated into the company ethos to take account of these important factors.
In addition to tendering and contractual issues that can arise in domestic transactions, the parties must also learn to deal with all manner of subjects in the international context, such as logistics, export and import regulations, differing technical standards, foreign tax issues, payment, and foreign currency exchange. This fast-paced program is an introduction to the area of Global Sourcing and International Contracting, designed to alert you to the many issues which are involved when one has to work in the international arena
Understand the challenges presented by foreign currency exchange rates
Draft and develop International Contracts to protect their Organization's interests and reduce risk
Understand the International Labour Rates
Know the global sourcing process and methods of finding international suppliers
Select items and services for global sourcing
Avoid the most common problems in changing suppliers
Recognize the different approaches to global sourcing and the benefits and disadvantages of each
Anyone who is now, or maybe in the future, involved in sourcing goods or services outside their own country and ethical or legal problems arising from differing labor or health and safety standards, etc.
Why Organizations Outsource?
Reasons For Going Global
Using Global Sourcing To Penetrate Existing Markets
The Global Sourcing Process
International Labor Rates,
Process For Selecting Items Or Services for Global Sourcing
Sales Offices Of Global Suppliers
In Country Based 3rd Parties
Overseas Sourcing Agents,
International Purchasing Offices,
Going Direct
Identifying Potential Suppliers,
The Preliminary Interest Request.
Qualifying Potential Suppliers
International Tenders
Dealing With Other Cultures
International Pricing Issues
Currency Issues
Import Duties
Transportation
INCOTERMS
Brokers & Forwarders
Payment Terms And Methods Of Payment
Convention On Contracts For The International Sale Of Goods (CISG)
Sources For Standard Terms And Conditions
The Critical Integration Clause
Liquidated Damages/Penalties
Bonds And Bank Guarantees
Changes Clauses
Conflict Of Laws And Choice Of Law Clauses
Suspension And Termination
Acceptance Clauses
Contract Clauses That Assist In Prevention Of Fraud & Corruption
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‘Mastering Negotiation Skills’ is a five-day course designed to explain the negotiation process in detail and demonstrate how to use it effectively, giving delegates the negotiation skills and strategies they need to succeed in today’s challenging commercial environment.
The ability to negotiate effectively and manage conflict is one of the most valuable skill sets we can develop within our organization. Not only does developing these skills allow us to negotiate better deals by creating and then claiming value, but it also enables us to manage teams more expertly, interact more constructively with colleagues and manage conflict effectively.
This course provides both a comprehensive strategic analysis of the negotiation process as well as the essential tools for planning and managing every negotiation. Delegates will learn to negotiate excellent outcomes both externally with suppliers, contractors, and customers but also internally within your organization between colleagues, departments, and managers.
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