The goal of this module is to help SCMP candidates become more acquainted with the issues and the strategy of global sourcing. This module is supported by a variety of articles on global sourcing, along with some websites on global business and economics.

Upon completion of this module candidates should be able to:

• Understand major issues of the global sourcing environment, such as barriers and facilitators to global sourcing, with special reference to low-cost country sourcing
• Conduct a total cost of ownership (TCO) comparison, including pre-transaction, transaction and post-transaction costs and sourcing an item domestically versus from a low-cost country
• Identify and discuss some critical business and social issues of sourcing from low-cost countries, including child labour and countertrade
• Identify important issues in the NAFTA/USMCA sourcing environment, such as drivers and challenges to sourcing from Mexico and the United States
• Discuss the role and function of intermediaries in global sourcing and compare the costs and benefits of indirect versus direct dealing in global sourcing
• Recommend when to use various means of payment available to importers/buyers
• Discuss the impact of currency exchange on global sourcing risk
• Discuss intellectual property and threats to it, including piracy and counterfeit goods and understand other security issues, including hijacking, bottlenecks and terrorism

REFUND POLICY

You are eligible for a full refund for cancellation/withdrawal requests received in writing up to 14 days before the start date.

You are eligible for a refund minus an administration fee of $100.00 plus tax for cancellation/withdrawal requests received in writing with less than 14 days’ notice and up to the day before the start date. Thereafter, no refund will be available. 

Within 7 days of the start date, you may request a transfer to or a credit for a future offering. Transfer/credit requests will only be considered if received in writing. Credits are valid for 12 months from the initial payment date. If not used within 12 months the credits will expire.