OVERVIEW

Whether you are reorganizing your existing supply chain processes or developing new ones, there are multiple ways available to determine whether or not to venture into a global procurement process. Purchasing domestically has its set of requirements, costs, and time lines. Purchasing globally has an entirely different set of prescribed requirements that involve meeting and adhering to rules and regulations, post 9/11 security measures, and additional challenges and costs. However, the cost to procure product from foreign suppliers may still have an advantage over the domestic cost. In this chapter, we will strive to provide a level of detail for inbound supply chain planning that is lacking from global business literature. For example, we will consider: What are the "actual" costs and why do they exist? What are the "specific" obstacles? What do you "really" need to know for your business planning and who should be included? Why should you even consider importing products from a foreign vendor? We can provide answers to these types of questions and the opportunity to learn from others in the industry who have offered to share their expert knowledge and experiences.

Robert Rudzki, President of Greybeard Advisors LLC (www.greybeardadvisors.com) and former Senior Vice President at Bayer Corporation, assists with the educational path. A leading figure in North American procurement, Rudzki founded Greybeard to provide strategic and focused advice to new businesses striving to achieve and sustain success and to help established businesses improve their bottom-line performance substantially. Rudzki also holds board positions with...