A one day interactive workshop aimed at companies who source raw materials, components or finished goods from overseas, this course will help Purchasing, Logistics and Finance Teams to identify and thus mitigate the associated risks and financial pressures, such as:
- Will I receive my goods as ordered?
- Will I receive the goods on time?
- When do I need to pay for the goods?
- How do I pay for the goods?
- What costs will I incur?
- How can these costs be reduced?
- How can I improve cashflow management?
- How can I manage foreign exchange fluctuations?
- What support should my bank be providing?
Course outline.....
- Issues facing Importers & Suppliers
- Trade Transaction strategies - the 'Risk Ladder'
- Terms of Payment - Advance Payment & Open Account
- Common Shipping Documents
- Delivery Terms (Incoterms 2000)
- Understanding and Financing the Trade Gap
- Using and structuring Letters of Credit & Collections to negotiate improved supplier terms
- Avalised Bills of Exchange
- Structured finance - case studies
- Managing Foreign Exchange risk
- Hints & tips for reducing bank charges
What else is included.....
All delegates will receive detailed course notes, exercises and copies of the slides together with a personalised Certificate of Training.
We can help you.
Think! A modest investment in training now could save you thousands of pounds in future costs and potential bad debts!
Call us on 0800 043 4052 or email us for a quote or to discuss your requirements.