CSCC 325 – International, Domestic, Local and In-Sourcing (3)
You will develop an understanding of the issues and opportunities in international business, including international sources of materials and services, the role of finance in global business transactions and options for domestic, local, and in-sourcing, and total cost ownership. You will also develop an understanding of the documentation necessary to maintain cross-border transactions and monitor sourcing relationships according to your organization’s social, economic, and ethical mission.
Upon successful mastery of this competency, you will be able to:
- Develop an understanding of the issues and opportunities in international business (e.g., infrastructure, risk assessment, and cost benefit and opportunity analysis).
- Develop an understanding of international sources of materials and services (e.g., research and benchmarking of potential global suppliers, financial and intellectual property issues, development of a business case/plan, contingency plans and exit strategies, country-specific governmental regulations, trade networks/trading companies, and logistics providers).
- Develop an understanding of the role of finance in global business transactions.
- Develop an understanding of ways to identify and evaluate domestic, local, or insourcing options.
- Understand and analyze importing and exporting strategy to include potential cost savings, countertrade, and strategic management.