window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-96240201-1');

302, 2021

Basics of Smart International Procurement

, , , , |

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. Basics of Smart International Procurement will teach you the critical things every purchasing professional needs to know before buying from foreign suppliers. Upon completing this course, you will be able to:

  • Identify seven key characteristics of cultural differences that you need to know to avoid any unpleasant surprises from your suppliers
  • Determine whether international suppliers might be withholding bad news from you
  • Understand how the importance of contracts will differ among international suppliers
  • Apply five critical clauses that should be included in every international procurement contract
  • Apply the six principles for writing contract language that is clear and ideally suited for international procurement situations
  • Handle communication when you and your supplier have different native languages
  • Reducing communication misunderstandings with foreign suppliers, including the use of jokes, hand gestures, and written communications
  • Factor exchange rates into international procurement transactions
  • Calculate currency conversions
  • Identify currency risks associated with international procurement transactions
  • Understand how hedging tools like forward contracts and options are used to protect buying organizations from cost increases
  • Apply a risk sharing formula that truly distributes risk equally between a buyer and a foreign supplier

This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.

This course has been pre-approved for 8 CEHs.

302, 2021

Executing a Global Sourcing Strategy

, , , |

Global sourcing is a challenge with many opportunities to fail. Despite those challenges, procurement professionals succeed because they know 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. Executing A Global Sourcing Strategy will teach you how to take global sourcing from a concept to a successful reality. Upon completing this course, you will be able to:

  • Apply strategy for selecting products, countries, and potential suppliers for your first global sourcing initiative
  • Determine global shipment quantities and frequencies
  • Ensure smooth customs clearance
  • Understand how the various duties, taxes, and fees affect total cost of ownership
  • Apply 13 Incoterms to properly allocate the costs and risks of global shipments
  • Understand how you may be impacted by the large number of regulations affecting shipments to the United States
  • Understand the advantages and disadvantages of the channels for your global sourcing effort, including international procurement offices, supplier’s subsidiaries, and representatives, third-party IPOs, and direct ordering
  • Understand the various global payment methods such as letters of credit, wire transfer, and supplier credit
  • Apply eight steps for evaluating prospective global suppliers
  • Understand terrorism issues related to global supply chain management
  • Apply a landed cost model and integrate risk analysis techniques into your global sourcing strategy

This course is most effective if taken 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.


This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.

This course has been pre-approved for 8 CEHs.

202, 2021

Profitable Inventory Management and Control

, , , |

Bad inventory decisions can kill an organization’s profitability, whittle away at its market share, and generally wreak havoc on the supply chain. If you’re basing your inventory decisions on guesses or informally-learned tactics rather than basing them on time-tested best practices, you are probably setting yourself up for failure. Profitable Inventory Management and Control will give you the skills you need to use inventory as a strategic weapon for boosting profitability and giving your organization a competitive advantage. Upon completing this course, you will be able to:

  • Identify the six big inventory risks and how to mitigate them
  • Forecast more accurately whether your business is stable, growing, declining, or subject to seasonality
  • Set up the inventory replenishment cycle, including setting safety stock levels, reorder points, and economic order quantities (EOQ)
  • Measure inventory management performance using metrics such as inventory turnover, fill rate, and various financial ratios
  • Integrate desired service levels into inventory management and control decisions
  • Conduct inventory analysis, including applying ABC Analysis/Stratification
  • Reduce inventory and calculate cost savings related to inventory management and control decisions
  • Evaluate the effect of lead time, including transportation considerations, on inventory
  • Understand what postponement is and how you might apply it for reducing inventory and waste
  • Understand what inventory optimization really is and how you can harness it through technology

This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.

This course has been pre-approved for 8 CEHs.

2801, 2021

Professional Procurement Project Management

, , , |

Being able to consistently lead procurement projects to successful conclusions involves learning and applying proven procurement project management principles. Professional Procurement Project Management will teach you everything you need to learn to successfully manage modern procurement projects. Upon completing this course, you will be able to:

  • Identify and execute the five phases of projects
  • Create a project charter that will properly set management’s expectations
  • Create standard project documents like work breakdown structures and Gantt charts that help to keep your projects on track
  • Create network diagrams that will reveal realistic timelines for your projects
  • Identify the critical path of projects in order to know where the biggest risks for project delay lie
  • Identify the most significant risks facing your project
  • Develop a risk plan and apply the four risk responses that are available to you
  • Use project management software to make project monitoring easier, more accurate, and less time consuming
  • Apply four tactics for accelerating a project
  • Use the proper terminology and apply the techniques used by experienced and certified project managers
  • Report project progress to management
  • Understand what “scope creep” is and how to avoid it

This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.

This course has been pre-approved for 8 CEHs.

Go to Top