Mastering Purchasing Management for Inbound Supply Chains: 1st Edition (Hardback) book cover

Mastering Purchasing Management for Inbound Supply Chains

1st Edition

By Thomas A. Cook

CRC Press

418 pages | 34 B/W Illus.

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Hardback: 9781420086195
pub: 2010-11-08
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pub: 2010-11-08
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Description

Importing finished products, components, and raw materials has become the status quo in today’s increasingly competitive business landscape. The lessons of inbound supply, however, can be very costly if learned through a trial-and-error approach—especially foreign purchasing. By not understanding the parameters of landed costs alone, purchasing managers can cause serious and expensive disruptions to their supply chain.

Leaving little to chance, Mastering Purchasing Management for Inbound Supply Chains details the fundamentals regarding logistics and compliance. It emphasizes the importance of bonded warehouses and cost modeling and presents case studies from a wide range of industries that illustrate best practices in imports, logistics, and landed cost modeling.

International trade expert Thomas Cook provides valuable insights for avoiding common foreign trade zone pitfalls. He also explains the best ways to handle and minimize landed costs, including duties, shipping costs, and transfer pricing.

This comprehensive purchasing guide covers the potential risks and complications involved with U.S. Customs (CBP), freight, INCO terms, and title and payment issues. Complete with a multitude of references to additional information in print and on the Web, the text provides the well-rounded understanding needed to avoid costly mistakes and make purchasing one of the strongest links in your global supply chain.

Table of Contents

Prologue

Acronyms

Purchasing Management 101

What Is Purchasing Management?

How Does Purchasing Management Work?

Purchasing Management and Corporate Governance

What Makes Purchasing Managers Effective?

Additional Best Practices in Purchasing Management 101

Master Negotiation Skills

Foreign Purchasing Management 101

Why Is Foreign Purchasing Different from Domestic Purchasing?

Distances Involved

Demographics and Infrastructure

Language

Culture

Politics

In-Country Risks

Receivable Exposure

Currency Risk

Insurance Risks

Political Risks

Legal Differences

Logistics and Supply Chain

Dependence on Providers

Customs (Domestic and International)

Regulatory Affairs

Access to Qualified Personnel

Travel Costs

Sarbanes-Oxley

Develop Resources

Risk Management in the Global Supply Chain and Foreign

Purchasing

Import Logistics and Landed Cost Modeling

Logistics Management

Case Study in the Landed Costs in the Import Supply Chain

Options in Reducing Landed Costs

Import Compliance Management

Import Management Overview

Inbound Supply Chains Have Logistics Costs Escalate

Detail to Documentation Was Much More Critical

Purchasing Managers Had to Learn New Skill Sets and Establish

SOPs in Areas Not Previously Prioritized

The Air Carriers Suffered Greatly

Financial Consequences to Importers and Global Supply Chain Participants

Supply Chain Security and Compliance Management Becomes a New Corporate Concern

Reasonable Care

Supervision and Control

Due Diligence

Assists

Drawback

HTS Classification

Duties and Taxes

ISF (10+2) Importer Security Filing

Customs Bonded Warehouses

What Is a Customs Bonded Warehouse?

Types of Customs Bonded Warehouses

Advantages of Using a Bonded Warehouse

Merchandise: Entry, Storage, Treatment

How to Establish a Customs Bonded Warehouse

Where Are Customs Offices Located?

Foreign Trade Zones

What Is a Foreign Trade Zone?

Why Were Foreign Trade Zones Established?

Advantages of Using Foreign Trade Zones

Role of the Foreign Trade Zones Board Staff

Role of the U.S. Customs Service

Role of the Port Director

Frequently Asked Questions to CBP

FTZs: Big-Time Competitive Advantage: An Overview

Choosing Providers Best Practices

Choosing Correctly

Stewardship Reports from Freight Forwarders: An Excellent Management Tool

The Process of Selecting Freight Forwarders, Customhouse Brokers, and Other Service Providers

China and India

What Is the HTCG?

Successful Best Practices for Purchasing from China, India, and Other Emerging Countries

What Purchasing Managers Need to Know about Exporting?

Department of Commerce (DOC)/Bureau of Industry and Security (BIS)

U.S. Principal Party in Interest (USPPI)

Export Licensing

Denied Parties Screening

Deemed Exports

Antiboycott Compliance

Department of Treasury/Office of Foreign Asset Controls (OFAC)

Department of State (DOS)

Managing TSA Regulations within a Logistics Organization

Subject Categories

BISAC Subject Codes/Headings:
BUS076000
BUSINESS & ECONOMICS / Purchasing & Buying