International Purchasing KNEC Diploma notes

Introduction

This module unit is intended to equip the trainee with necessary knowledge, skills and attitudes that will enable him/her to handle purchasing operations effectively in international markets.

General Objectives

By the of the module unit, the trainee should be able to:

  • Explain the importance of international purchasing is supph chain management
  • Describe the procedures and documentation involved in international purchasing
  • Apply the sourcing strategies used in international purchasing
  • Explain the commercial aspects related to international purchasing
  • Outline the payment procedures and instruments used in international purchasing
  • Describe the role of institutions that are concerned with promoting international purchasing

The topics that need to be covered as required by KNEC in this unit/subject are as follows:

Topic 1: Introduction to International Purchasing

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  • Nature of international purchasing
  • Reasons for international purchasing
  • Challenges faced in international purchasing
  • Overcoming challenges in international purchasing
  • Distinction between global sourcing and international sourcing

Topic 2: Procedures and Documentation in International Purchasing

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  • Methods of specifying requirements in international purchasing
  • Procedures involved in international purchasing
  • Methods of certifying quality of goods for international markets
  • Factors considered in selecting international modes of transport
  • Settling disputes in international purchasing
  • Procedure for clearing and forwarding goods from overseas suppliers
  • Documents used in international purchasing

Topic 3: Sourcing Strategies in International Purchasing

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  • Sourcing strategies used in international purchasing
  • Effects of globalization in international purchasing

Topic 4: Commercial Aspects in International Contracting

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  • International commercial terms
  • Aspects to be considered in commodity markets
  • Issues involved in international contract negotiation
  • Financing arrangements in international purchasing
  • Ethical issues in international purchasing

Topic 5: Payment Procedures and Methods in International Purchasing

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  • Factors to consider in processing payment in international purchasing
  • Payment procedure in international purchasing
  • Methods of settling payments in international purchasing
  • Conveyance documents in international purchasing

Topic 6: Institutions Involved in Promoting International Purchasing

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  • Institutions involved in promoting international purchasing
  • The role of institutions in promoting international purchasing
  • The role of government in promoting international purchasing
  • Regional blocks involved in international purchasing

Topic 7: Emerging Issues and Trends

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  • Emerging issues and trends in international purchasing
  • Challenges posed by issues and trends in international marketing
  • Coping with challenges posed by issues and trends in international marketing

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