Description
MASTERING INTERNATIONAL TRADE ESSENTIAL CONCEPTS FOR SUCCESS
Duration: 2 days
Time Schedule
Time: 9:00am to 5:00pm
Lunch Break: 1:00pm to 2:00pm
INTRODUCTION
Many companies venture into international trade without a thorough understanding of how it works, often rushing into the process. However, this lack of essential knowledge in international trade can have far-reaching consequences. It can result in limited market access, challenges in compliance, missed opportunities for growth, financial risks, inefficiencies in supply chains, and struggles in overcoming cultural and communication barriers. Ultimately, this lack of understanding can impede business expansion and jeopardize profitability in the dynamic global marketplace.
OBJECTIVE
The objective of the course is to provide participants with a comprehensive understanding of international trade, focusing on trade policies and regulations, incoterms, essential documentation, international payment methods, logistic and supply chain management as well as export and import procedures. The course aims to equip participants with the essential knowledge and skills to navigate the complexities of international trade effectively. The outcome of the training is that participants will be better prepared to engage in international trade, make informed decisions, overcome challenges, and seize growth opportunities in the global marketplace.
LEARNING OUTCOMES / BENEFITS
At the end of this course, participants shall be able to:
- Define the benefits and challenges of International Trade.
- Explain the trade policies and regulations.
- Summarize the types of Incoterms and its significance.
- Identify the document's functions and when/who to prepare for.
- Distinguish the different types of International Payment Methods and their security.
- Describe the concept of logistic management and its respective roles.
- Interpret the key elements of supply chain management and its mitigation plans.
- Explain the export and import procedures.
KEY CONTENT
Day 1
Module 1: Overview of International Trade
- Define international trade and its significance
- Benefits & challenges in international trade
- Import & Export in Malaysia
Module 2: Trade Policies and Regulations
- Overview of trade policies and its impact to international business
- Tariff, quotas and non-tariff barriers
- Regional trade agreements and their implication
Module 3: Incoterms
- Incoterms definition
- Commonly used incoterms
- Benefits of using incoterms
Module 4: Essential Documentations
- Export documentation & respective functions
- Import documentation & respective functions
- Challenges and best practices
Day 2
Module 5: International Payment Methods
- List of international payment methods
- Payment methods security
- Pros and cons for each payment method
Module 6: Logistic Management
- Global logistics and cross-border operations
- Logistic roles for different stakeholders
- Warehouse operations and inventory control
Module 7: Supply Chain Management
- Key elements of supply chain management
- Demand forecasting and global market dynamics
- Risk management and mitigation plans
Module 8: Export and Import Procedures
- Export steps and action plans
- Import steps and action plans
- Custom compliance
TARGET AUDIENCE
- Export/Import Executive
- Administrative Executive
- Procurement/Purchasing Executive
- Logistic/Warehouse/Supply Chain/Shipping Executive
- Customer Service
- Finance Executive
- Sales & Marketing Executive
- Clerical Staffs
- Sales Manager
- Export/Import Sales Manager
- International Trade Manager
METHODOLOGY
The methodologies encompass facilitator-guided learning, interactive assessments, collaborative decision-making in group discussions, practical knowledge application, and expert insights for a comprehensive and enriching educational experience.
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