{"id":2408,"date":"2008-02-20T14:21:00","date_gmt":"2008-02-20T14:21:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2008\/02\/20\/new-international-procurement-course\/"},"modified":"2021-07-29T10:56:05","modified_gmt":"2021-07-29T14:56:05","slug":"new-international-procurement-course","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/","title":{"rendered":"New International Procurement Course"},"content":{"rendered":"<p>You\u2019re the first to know\u2026our new course \u201cBasics of Smart International Procurement\u201d is now open for enrollment!<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>I\u2019m really excited about this new course. To buy interenationally takes a lot of preparation and requires you to understand many things that you don\u2019t need to consider when sourcing domestically. This course covers dozens of concepts you need to learn before even beginning to communicate with international suppliers.<\/p>\n<p>Here\u2019s just a sampling of what you will learn:<\/p>\n<ul>\n<li>How to assess the cultural differences that you may experience with suppliers from different parts of the world<\/li>\n<li>7 key characteristics of cultural differences that you need to know to avoid any unpleasant surprises from your suppliers<\/li>\n<li>How to determine whether international suppliers might be withholding bad news from you<\/li>\n<li>How international suppliers differ in the importance they place on personal relationships<\/li>\n<li>How the importance of contracts will differ among international suppliers<\/li>\n<li>When you might face one of the worst shocks \u2013 an international supplier\u2019s request to renegotiate a contract<\/li>\n<li>5 critical clauses that should be included in every international procurement contract<\/li>\n<li>6 principles for writing contract language that is clear and ideally suited for international procurement situations<\/li>\n<li>Tips for reducing intellectual property risks<\/li>\n<li>How to handle communication when you and your supplier have different native languages<\/li>\n<li>Little known facts for reducing communication misunderstandings with foreign suppliers, including the use of jokes, hand gestures, and written communications<\/li>\n<li>How exchange rates get factored into international procurement transactions<\/li>\n<li>How to calculate currency conversions<\/li>\n<li>Currency risks associated with international procurement transactions<\/li>\n<li>How hedging tools like forward contracts and options are used to protect buying organizations from cost increases<\/li>\n<li>3 ways that products are services are priced and a currency strategy for each<\/li>\n<li>The increased significance of accurate forecasts in international transactions and how poor forecasts impact cost<\/li>\n<li>A risk sharing formula that truly distributes risk equally between a buyer and a foreign supplier<\/li>\n<\/ul>\n<p>You can enroll in Basics of Smart International Procurement on our Web site\u2019s Sign Up page.<\/p>\n<p>And if you have any questions about the class, please call us at 1-412-294-1990 or email us at <a href=\"&#x6d;&#x61;&#x69;&#108;&#116;&#111;:s&#x75;&#x70;&#x70;&#x6f;&#114;&#116;&#64;n&#x65;&#x78;&#x74;&#x6c;&#101;&#118;el&#x70;&#x75;&#x72;&#x63;&#104;&#97;&#115;in&#x67;&#x2e;&#x63;&#x6f;&#109;\">&#x73;&#x75;&#112;p&#x6f;&#x72;&#x74;&#64;n&#x65;&#x78;&#x74;&#108;e&#x76;&#x65;&#x6c;&#112;u&#x72;&#x63;&#x68;&#97;s&#x69;&#x6e;&#x67;&#46;c&#x6f;&#x6d;<\/a>.<\/p>\n<p>Official press releases and mailings will be coming out shortly. But I wanted you to know first!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019re the first to know\u2026our new course \u201cBasics of Smart [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New International Procurement Course - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New International Procurement Course - Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"og:description\" content=\"You\u2019re the first to know\u2026our new course \u201cBasics of Smart [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2008-02-20T14:21:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-29T14:56:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-028.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1340\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"New International Procurement Course\",\"datePublished\":\"2008-02-20T14:21:00+00:00\",\"dateModified\":\"2021-07-29T14:56:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/\"},\"wordCount\":388,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/new-international-procurement-course\/\",\"name\":\"New International Procurement Course - 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