- Global Trade Scenario
It makes you study on concepts such as competitive global strategies; Rewards of Import-Export in the Business Strategy; Trade statistics and import export trends in different continents and few topmost countries.
The concept of export; the basics of sustainable exporting; completion in the export field, basic problems faced in the export process; evaluation of foreign distributors for export; risks involved in export; the vital things for success of any export business; problems related to insurance and risks; documentation in the export procedure.
The concept of import process; the basics of sustainable importing; how to handle the global supply chain; information about logistics and foreign exchange; requirements in the importing business; common issues faced in the import procedure; documentation in the import procedure.
- Assessment of Market
How to go about choosing sustainable global export and import markets; tariff and non tariff trade barriers; information about agreement, assessing the changing market trend; knowing the opportunities available in the global market; the obstacles and barriers involved in the import export business.
- How to create a grip in the import export business
Knowing and development of alternative channels to make a position in the global market and to raise ones sales channels; how to select and associate channels and agencies and tie up with them for distribution of goods; how to improve one’s market presence through the distribution channels; EXIM policy framework.
- The import export procedure
Giving knowledge related to the process of shipping; how to maintain the documents, costs, landed costs, brokers; information about the basic conflict problems linked in export distribution; how to manage inventory for import and export; packaging matter and problems connected to export and import; information related to shipping glossary; General Provision of Import, Import restrictions.
- How to identify
It gives knowledge on how to identify the right people and place for developing the export import business; details about issues related to agents, packaging, insurance, brokers, customs, ware house management, port and trading zones.
- Financial matters
How to understand and evaluate competitiveness in costing; how to make sure timely payment receipt; details about pricing, position in the global market, credit terms & regulations and credit risks; information about payment terms, banking, interest rates, inflation, taxes; Foreign Buyer LC Instructions.
How to make creative as well as competitive strategies; management of distributors, inventory, costing, discount and documentation; the way to make long lasting relations with clients.
The student who wishes to take up this course and training must have completed graduation from a well known university or institution. Students appearing for their final year of graduation can also apply for the course. Person with a MBA degree or merchandise diploma or degree will be an added advantage.