Mastering Purchasing Management for Inbound Supply Chains

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2010-11-08
  • Publisher: CRC Press

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Many of the lessons about inbound supply ' especially foreign purchasing ' are far less costly when learned through others' experience rather than your own. Leaving little to chance, international trade expert, Thomas Cook details all the basic fundamentals of logistics and compliance, while also offering essential insight that even seasoned supply managers will find valuable. He covers the importance of bonded warehouses and cost modeling. He presents case studies from a variety of industries that illustrate best practices while revealing those things that the savvy trader should know about foreign trade zones.

Table of Contents

Prologuep. xiii
Acronymsp. xv
Purchasing Management 101p. 1
What Is Purchasing Management?p. 1
How Does Purchasing Management Work?p. 2
Purchasing Management and Corporate Governancep. 2
What Makes Purchasing Managers Effective?p. 3
Know What the Needs are of the Corporation Now and into the Futurep. 3
Know What the Options Are in Fulfilling These Needsp. 3
Know How to Obtain the Best Deal to Fulfill These Needsp. 4
Know How to Maintain These Deals for the Long Termp. 4
Additional Best Practices in Purchasing Management 101p. 5
Master Negotiation Skillsp. 5
Foreign Purchasing Management 101p. 9
Why Is Foreign Purchasing Different from Domestic Purchasing?p. 9
Distances Involvedp. 10
Demographics and Infrastructurep. 10
Languagep. 11
Culturep. 11
Politicsp. 11
In-Country Risksp. 11
Receivable Exposurep. 12
Currency Riskp. 12
Insurance Risksp. 12
Political Risksp. 13
Legal Differencesp. 13
Logistics and Supply Chainp. 13
Dependence on Providersp. 14
Customs (Domestic and International)p. 14
Regulatory Affairsp. 14
Access to Qualified Personnelp. 15
Travel Costsp. 15
Sarbanes-Oxleyp. 15
Develop Resourcesp. 15
Magazinesp. 15
Key International and Supply Chain Web Sitesp. 16
Risk Management in the Global Supply Chain and Foreign Purchasingp. 22
Summaryp. 23
Import Logistics and Landed Cost Modelingp. 25
Logistics Managementp. 25
Hire the Very Best Inbound Logistics Providerp. 25
Know Your True Landed Costsp. 26
Import Landed Cost Formulap. 26
Control Lead Timesp. 27
Control the Most Favorable INCOTERMS of Purchasep. 27
Exercise Due Diligence, Reasonable Care, and Supervision and Control over the Inbound Processp. 31
Case Study in the Landed Costs in the Import Supply Chainp. 31
Options in Reducing Landed Costsp. 33
Import Compliance Managementp. 35
Import Management Overviewp. 35
Inbound Supply Chains Have Logistics Costs Escalatep. 40
Detail to Documentation Was Much More Criticalp. 41
Purchasing Managers Had to Learn New Skill Sets and Establish SOPs in Areas Not Previously Prioritizedp. 42
The Air Carriers Suffered Greatlyp. 42
Financial Consequences to Importers and Global Supply Chain Participantsp. 43
Supply Chain Security and Compliance Management Becomes a New Corporate Concernp. 43
Reasonable Carep. 45
Supervision and Controlp. 46
Ultimate Consigneep. 46
Powers of Attorneyp. 47
Due Diligencep. 47
Record Keepingp. 48
Documentation (Invoice) Requirementsp. 48
Methods of Storage of Recordsp. 49
Assistsp. 50
Drawbackp. 51
Necessary Drawback Documentary Requirementsp. 52
HTS Classificationp. 52
Imported Product/Origin Markingsp. 53
Valuationp. 53
Duties and Taxesp. 53
ISF (10+2) Importer Security Filingp. 54
Customs Bonded Warehousesp. 57
What Is a Customs Bonded Warehouses?p. 57
Types of Customs Bonded Warehousesp. 58
Advantages of Using a Bonded Warehousep. 59
Merchandise: Entry, Storage, Treatmentp. 59
How to Establish a Customs Bonded Warehousep. 60
Applicationp. 60
Other Requirementsp. 60
Bonds Requiredp. 60
Where Are Customs Offices Located?p. 61
Foreign Trade Zonesp. 63
What Is a Foreign Trade Zone?p. 63
Why Were Foreign Trade Zones Established?p. 63
Advantages of Using Foreign Trade Zonesp. 64
Role of the Foreign Trade Zones Board Staffp. 65
Role of the U.S. Customs Servicep. 65
Role of the Port Directorp. 66
Frequently Asked Questions to CBPp. 66
What Are the Types of Foreign Trade Zones?p. 66
What May Be Placed in an FTZ?p. 66
What May Be Done in an FTZ?p. 67
What May Not Be Done in an FTZ?p. 67
How Is Merchandise Admitted into a Zone?p. 68
Customs Form 214 Applicationp. 68
Direct Deliveryp. 69
What Documents Are Needed for Admission?p. 69
How Is Merchandise Removed from a Zone for U.S. Consumption?p. 70
What Are the Four Types of Zone Status?p. 70
Articles of Mixed Statusp. 71
Where Is Additional Information Available?p. 71
FTZs: Big-Time Competitive Advantage: An Overviewp. 71
Choosing Providers Best Practicesp. 73
Choosing Correctlyp. 73
Determine Your Needsp. 74
Know Your Optionsp. 74
Develop an RFQ/RFPp. 75
Obtain Referralsp. 75
Agree to Service Parameters First, Then Pricep. 75
Set a Review Period, before Long-Term Agreementsp. 75
Agree to Stewardship Reportingp. 76
Periodically Test Your Optionsp. 76
Focus on Technology Capabilitiesp. 76
View Added-Value Benefitsp. 76
Partnership Mentalityp. 76
Stewardship Reports from Freight Forwarders: An Excellent Management Toolp. 77
Organizing the Stewardship Reportp. 78
The Process of Selecting Freight Forwarders, Customhouse Brokers, and Other Service Providersp. 78
Identify Your Expectations, Parameters, Needs, and Service Requirementsp. 79
Interview Potential Candidatesp. 79
Issue the Proposal Outline (RFP/RFQ)p. 79
Set Deadlines for Responsivenessp. 79
Eliminate the Peripheral Candidates and Bring the Selection Group from Eight to Ten Persons to Two or Threep. 79
Meet Againp. 80
Ask for Pricing and Final Revised Proposalsp. 80
Make the Selection: Set a Time for Testing the Relationship, before Making a Longer-Term Agreementp. 80
Structure a Review Processp. 80
Summaryp. 80
China and Indiap. 81
What Is the HTCG?p. 82
Successful Best Practices for Purchasing from China, India, and Other Emerging Countriesp. 83
What Purchasing Managers Need to Know about Exportingp. 85
Department of Commerce (DOC)/Bureau of Industry and Security (BIS)p. 88
U.S. Principal Party in Interest (USPPI)p. 88
Export Licensingp. 88
Denied Parties Screeningp. 90
Deemed Exportsp. 91
Antiboycott Compliancep. 92
Department of Treasury/Office of Foreign Asset Controls (OFAC)p. 92
Department of State (DOS)p. 93
Managing TSA Regulations within a Logistics Organizationp. 95
Why Pay Attention?p. 95
Auditsp. 96
Concluding Remarksp. 97
Glossaryp. 99
p. 107
p. 159
p. 303
p. 363
Indexp. 389
About the Authorp. 401
Table of Contents provided by Ingram. All Rights Reserved.

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