Mastering Purchasing Management for Inbound Supply Chains / Edition 1 available in Hardcover
Mastering Purchasing Management for Inbound Supply Chains / Edition 1
- ISBN-10:
- 1420086197
- ISBN-13:
- 9781420086195
- Pub. Date:
- 11/08/2010
- Publisher:
- Taylor & Francis
- ISBN-10:
- 1420086197
- ISBN-13:
- 9781420086195
- Pub. Date:
- 11/08/2010
- Publisher:
- Taylor & Francis
Mastering Purchasing Management for Inbound Supply Chains / Edition 1
Hardcover
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$120.00Overview
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.
Product Details
ISBN-13: | 9781420086195 |
---|---|
Publisher: | Taylor & Francis |
Publication date: | 11/08/2010 |
Pages: | 418 |
Product dimensions: | 6.00(w) x 9.30(h) x 1.00(d) |
Table of Contents
Prologue xiii
Acronyms xv
1 Purchasing Management 101 1
What Is Purchasing Management? 1
How Does Purchasing Management Work? 2
Purchasing Management and Corporate Governance 2
What Makes Purchasing Managers Effective? 3
Know What the Needs are of the Corporation Now and into the Future 3
Know What the Options Are in Fulfilling These Needs 3
Know How to Obtain the Best Deal to Fulfill These Needs 4
Know How to Maintain These Deals for the Long Term 4
Additional Best Practices in Purchasing Management 101 5
Master Negotiation Skills 5
2 Foreign Purchasing Management 101 9
Why Is Foreign Purchasing Different from Domestic Purchasing? 9
Distances Involved 10
Demographics and Infrastructure 10
Language 11
Culture 11
Politics 11
In-Country Risks 11
Receivable Exposure 12
Currency Risk 12
Insurance Risks 12
Political Risks 13
Legal Differences 13
Logistics and Supply Chain 13
Dependence on Providers 14
Customs (Domestic and International) 14
Regulatory Affairs 14
Access to Qualified Personnel 15
Travel Costs 15
Sarbanes-Oxley 15
Develop Resources 15
Magazines 15
Key International and Supply Chain Web Sites 16
Risk Management in the Global Supply Chain and Foreign Purchasing 22
Summary 23
3 Import Logistics and Landed Cost Modeling 25
Logistics Management 25
Hire the Very Best Inbound Logistics Provider 25
Know Your True Landed Costs 26
Import Landed Cost Formula 26
Control Lead Times 27
Control the Most Favorable INCOTERMS of Purchase 27
Exercise Due Diligence, Reasonable Care, and Supervision and Control over the Inbound Process 31
Case Study in the Landed Costs in the Import Supply Chain 31
Options in Reducing Landed Costs 33
4 Import Compliance Management 35
Import Management Overview 35
Inbound Supply Chains Have Logistics Costs Escalate 40
Detail to Documentation Was Much More Critical 41
Purchasing Managers Had to Learn New Skill Sets and Establish SOPs in Areas Not Previously Prioritized 42
The Air Carriers Suffered Greatly 42
Financial Consequences to Importers and Global Supply Chain Participants 43
Supply Chain Security and Compliance Management Becomes a New Corporate Concern 43
Reasonable Care 45
Supervision and Control 46
Ultimate Consignee 46
Powers of Attorney 47
Due Diligence 47
Record Keeping 48
Documentation (Invoice) Requirements 48
Methods of Storage of Records 49
Assists 50
Drawback 51
Necessary Drawback Documentary Requirements 52
HTS Classification 52
Imported Product/Origin Markings 53
Valuation 53
Duties and Taxes 53
ISF (10+2) Importer Security Filing 54
5 Customs Bonded Warehouses 57
What Is a Customs Bonded Warehouses? 57
Types of Customs Bonded Warehouses 58
Advantages of Using a Bonded Warehouse 59
Merchandise: Entry, Storage, Treatment 59
How to Establish a Customs Bonded Warehouse 60
Application 60
Other Requirements 60
Bonds Required 60
Where Are Customs Offices Located? 61
6 Foreign Trade Zones 63
What Is a Foreign Trade Zone? 63
Why Were Foreign Trade Zones Established? 63
Advantages of Using Foreign Trade Zones 64
Role of the Foreign Trade Zones Board Staff 65
Role of the U.S. Customs Service 65
Role of the Port Director 66
Frequently Asked Questions to CBP 66
What Are the Types of Foreign Trade Zones? 66
What May Be Placed in an FTZ? 66
What May Be Done in an FTZ? 67
What May Not Be Done in an FTZ? 67
How Is Merchandise Admitted into a Zone? 68
Customs Form 214 Application 68
Direct Delivery 69
What Documents Are Needed for Admission? 69
How Is Merchandise Removed from a Zone for U.S. Consumption? 70
What Are the Four Types of Zone Status? 70
Articles of Mixed Status 71
Where Is Additional Information Available? 71
FTZs: Big-Time Competitive Advantage: An Overview 71
7 Choosing Providers Best Practices 73
Choosing Correctly 73
Determine Your Needs 74
Know Your Options 74
Develop an RFQ/RFP 75
Obtain Referrals 75
Agree to Service Parameters First, Then Price 75
Set a Review Period, before Long-Term Agreements 75
Agree to Stewardship Reporting 76
Periodically Test Your Options 76
Focus on Technology Capabilities 76
View Added-Value Benefits 76
Partnership Mentality 76
Stewardship Reports from Freight Forwarders: An Excellent Management Tool 77
Organizing the Stewardship Report 78
The Process of Selecting Freight Forwarders, Customhouse Brokers, and Other Service Providers 78
Identify Your Expectations, Parameters, Needs, and Service Requirements 79
Interview Potential Candidates 79
Issue the Proposal Outline (RFP/RFQ) 79
Set Deadlines for Responsiveness 79
Eliminate the Peripheral Candidates and Bring the Selection Group from Eight to Ten Persons to Two or Three 79
Meet Again 80
Ask for Pricing and Final Revised Proposals 80
Make the Selection: Set a Time for Testing the Relationship, before Making a Longer-Term Agreement 80
Structure a Review Process 80
Summary 80
8 China and India 81
What Is the HTCG? 82
Successful Best Practices for Purchasing from China, India, and Other Emerging Countries 83
9 What Purchasing Managers Need to Know about Exporting 85
Department of Commerce (DOC)/Bureau of Industry and Security (BIS) 88
U.S. Principal Party in Interest (USPPI) 88
Export Licensing 88
Denied Parties Screening 90
Deemed Exports 91
Antiboycott Compliance 92
Department of Treasury/Office of Foreign Asset Controls (OFAC) 92
Department of State (DOS) 93
Managing TSA Regulations within a Logistics Organization 95
Why Pay Attention? 95
Audits 96
Concluding Remarks 97
Glossary 99
Appendix A 107
Appendix B 159
Appendix C 303
Appendix D 363
Index 389
About the Author 401