T R I S A V E M

L E A R N

Discover the world of international trade. Journey through commercial roles, supply chain intricacies and compliance guidelines. Understand the significance of quality, financial stability, risk evaluation, organisational coherence as well as strategic foresight. Each component builds a comprehensive trading perspective.

What you will learn

  • Basic to Advanced Content

    You will be introduced from the basics to the advanced aspects and dynamics of international trade in the modern world of business.

  • Case Studies

    View international trade from a practical perspective with real-life case studies to help you understand better and prepare you for real situations.

  • Practical Examples

    Learn the core concepts of international trade through practical examples such as diagrams, images, tables and simplified equations.

  • Entire Trading Cycle

    The course covers from commercial-, supply chain-, compliance and quality management to financial-, risk-, organisational- and strategy management.

  • Reflective Questions

    Each module concludes with reflective questions aimed to reinforce key takeaways and enhance retention.

  • Links and References

    To ensure a comprehensive understanding, this course includes relevant links and references to underline the educational content.

What’s inside

Part 1: Introduction to International Trading

"Introduction to International Trading" outlines the evolution of trade from barter to global networks, detailing methods like imports and exports, and roles from individual traders to large corporations. It covers key industries in international trading and concludes with a reflective questionnaire, offering a concise overview of the international trading world.

Part 2: Commercial Management

"Commercial Management," the second in the International Trading series, covers commercial aspects of international trade, including working capital, cost analysis, buying and selling strategies, contract creation, financial management, negotiation, and payment methods. It addresses trade finance and currency risk management through Forward Exchange Contracts.

Part 3: Supply Chain Management

"Supply Chain Management," provides a foundational understanding of the relationship between logistics and supply chain management. It covers logistic scheduling, Incoterms ® and explains their roles in international trade. The course discusses clearing, forwarding, warehouse management, stock replenishment, health and safety standards, and various transportation methods including sea, road, rail and air freight.

Part 4: Compliance Management

"Compliance Management," introduces compliance in international trading, focusing on regulations and standards adherence. It covers internal laws for import and export, HS Codes for product classification, duties, quotas, health and safety standards, and combating illicit trade. The course discusses Import VAT, cross-border fund movement, customs administration, and the role of bodies like the WTO in global trade standards. It explores various trade agreements and offers a comprehensive guide on the legal and regulatory aspects of international trading.

Part 5: Quality Management

"Quality Management," explores quality management, assurance, and control in international trading. It starts by emphasizing the importance of quality in products and services, differentiating between internal and external quality management. The book introduces Gemba Kaizen® principles for continuous improvement in trading and discusses quality control processes like inspection and sampling, analysis, and reporting. It examines quality assurance, the role of certification bodies like ISO, and applies these concepts to sectors like agriculture, ores, steel, and energy. The book also addresses quality disputes resolution and concludes with a chapter reinforcing the importance of quality in international trading, serving as a key resource for enhancing quality standards in trading businesses.

Part 6: Financial Management

"Financial Management," the sixth course in the International Trading series, covers key financial aspects of trading operations. It discusses financial management, accounting principles, bookkeeping for traders, working capital optimization, financial statements analysis, the SWIFT system, bank failure contingencies, and VAT implications. Concluding with a reflective chapter, it's essential for understanding and managing the fiscal side of international trading.

Part 7: Risk Management

"Risk Management," the seventh instalment in the International Trading series, delves into risk-based trading and risk management principles. It discusses enterprise risk, risk tolerance, and a structured approach to risk identification taxonomy. The course categorises risks into pure, speculative, diversifiable, and nondiversifiable, and explores risk probability and severity. It examines risk evolution over time, mitigation strategies, evaluation of risk responses, and the concept of Black Swans. Concluding with a reflective module, it's essential for navigating global trade uncertainties with confidence.

Part 8: Organisational Management

"Organisational Management," examines how organisations function, evolve, and succeed. It begins with fundamental concepts of organizational management, including ethos, culture, decision-making, and goal-setting. The course explores key management functions like planning, resource organisation, team leadership, and process control, and introduces methodologies like LEAN and Six Sigma for efficiency. It contrasts traditional hierarchical structures with systems-thinking approaches and concludes with governance aspects, ensuring smooth, ethical, and compliant operations.

Part 9: Strategy Management

"Strategy Management," the final part in the International Trading series, zooms into strategic planning and execution for trading companies. It covers strategic modelling, including strategy formulation, implementation, and evaluation, and examines various strategic models. The course discusses Ichak Adizes' organisational life cycle, from inception to potential decline, and introduces organisational reinvention concepts like industry, competitor, and company analysis. Concluding with a reflective chapter, it emphasises agility and strategic decision-making in international trading.