Mastering Purchasing Management for Inbound Supply Chains  book cover
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1st Edition

Mastering Purchasing Management for Inbound Supply Chains



ISBN 9781420086195
Published November 8, 2010 by CRC Press
418 Pages 34 B/W Illustrations

 
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Book 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

...
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