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Portfolio Activity

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This publication is copyright to Central Institute of Technology apart from fair dealing for the purpose of private study, research criticism or review, as permitted under the Copyright Act 1968 no part may be reproduced without written permission
Whilst every precaution has been taken to supply complete and accurate information, Central Institute of Technology assumes no responsibility for any liability, loss or damage caused or alleged to be caused directly or indirectly by the instructions contained in or accompanying this publication.

Version 2
Semester 2, 2013
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Introduction 4
Study Notes 5
Element 1 – Develop and document strategies for international purchasing 7
Element 2 – Implement international purchasing strategies 10
Element 3 – Undertake more complex international purchasing 12
Element 4 – Determine payment strategies 15
Element 5 – Arrange barter and countertrade 18
Element 6 – Determine logistics strategies 20
Element 7 – Evaluate international purchasing strategies and implement identified improvements 22
Portfolio Activities Semester 2, 2013 24

Introduction
Continued pressure to reduce costs and improve spending has fueled a procurement revolution. Pressures to source from emerging markets such as China, India and Eastern Europe demand improved sourcing and supply management skills.
Purchasing internationally involves having to expand your knowledge of many aspects of procurement that you don't have to worry about when buying domestically. Differences in cultures, laws, communications, currencies and more. Coordinating logistics, dealing with customs, arranging payment, identifying countries for sourcing, finding suppliers, calculating landed cost, assessing risks, and implementing global contracts. These are a few of the skill set require to purchase

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