Mastering Purchasing Management for Inbound Supply Chains

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.

PrologueAcronymsPurchasing Management 101What Is Purchasing Management?How Does Purchasing Management Work? Purchasing Management and Corporate GovernanceWhat Makes Purchasing Managers Effective?Additional Best Practices in Purchasing Management 101Master Negotiation Skills

Foreign Purchasing Management 101Why Is Foreign Purchasing Different from Domestic Purchasing?Distances InvolvedDemographics and InfrastructureLanguageCulturePoliticsIn-Country RisksReceivable ExposureCurrency RiskInsurance RisksPolitical RisksLegal DifferencesLogistics and Supply ChainDependence on ProvidersCustoms (Domestic and International)Regulatory AffairsAccess to Qualified PersonnelTravel CostsSarbanes-OxleyDevelop ResourcesRisk Management in the Global Supply Chain and ForeignPurchasing

Import Logistics and Landed Cost ModelingLogistics ManagementCase Study in the Landed Costs in the Import Supply ChainOptions in Reducing Landed Costs

Import Compliance ManagementImport Management OverviewInbound Supply Chains Have Logistics Costs EscalateDetail to Documentation Was Much More CriticalPurchasing Managers Had to Learn New Skill Sets and EstablishSOPs in Areas Not Previously PrioritizedThe Air Carriers Suffered GreatlyFinancial Consequences to Importers and Global Supply Chain ParticipantsSupply Chain Security and Compliance Management Becomes a New Corporate ConcernReasonable CareSupervision and ControlDue DiligenceAssistsDrawbackHTS ClassificationDuties and TaxesISF (10+2) Importer Security Filing

Customs Bonded WarehousesWhat Is a Customs Bonded Warehouse?Types of Customs Bonded WarehousesAdvantages of Using a Bonded WarehouseMerchandise: Entry, Storage, TreatmentHow to Establish a Customs Bonded WarehouseWhere Are Customs Offices Located?

Foreign Trade ZonesWhat Is a Foreign Trade Zone?Why Were Foreign Trade Zones Established?Advantages of Using Foreign Trade ZonesRole of the Foreign Trade Zones Board StaffRole of the U.S. Customs ServiceRole of the Port DirectorFrequently Asked Questions to CBPFTZs: Big-Time Competitive Advantage: An Overview

Choosing Providers Best PracticesChoosing CorrectlyStewardship Reports from Freight Forwarders: An Excellent Management ToolThe Process of Selecting Freight Forwarders, Customhouse Brokers, and Other Service Providers

China and IndiaWhat 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 LicensingDenied Parties ScreeningDeemed ExportsAntiboycott ComplianceDepartment of Treasury/Office of Foreign Asset Controls (OFAC)Department of State (DOS)Managing TSA Regulations within a Logistics Organization