|Course Number:||ISCM 7510|
|Course Name:||Import/Export (Online)|
|Course Description:||This course covers the major facets of the import-export transactions and procedures required to do business overseas successfully. The focus is on practical applications, ranging from understanding the objectives of parties involved in importing and exporting to basics of letters of credit, packaging, and transporting shipments. The course will cover cross-cultural differences, role of banks and freight forwarders; foreign currency management; and documents used in international trade.|
|Program:||Master of Science in Integrated Supply Chain Management|
NOTE: The information below is representative of the course and is subject to change. The specific details of the course will be available in the Desire2Learn course instance for the course in which a student registers.
Upon completion of this course, you should be able to
- Understand the guiding principles of import-export management.
- Understand the technical and legal aspects of working in an import-export business/industry environment.
- Explain the methods for moving goods across international boundaries and the factors affecting international trade.
- Identify and utilize the available sources of private and public import-export advice and assistance.
- Define the standard trade terminology used in international transactions.
Unit 1: Foundational Concepts in Foreign Trade
In this unit, we will cover the underlying concepts that foster import/export relationships. The foundational understanding of Foreign Trade, World Trade Organization, Trade Restrictions, and Trade Blocks will be explored.
Unit 2: Structure and Organization
With a foundational understanding of international trade from unit one, we will now begin to look at Direct and Indirect Exporting, the intermediaries that help with international trade, and the various organizations involved.
Unit 3: Logistics and Modes of Transportation
Whether importing or exporting, a key factor is the international transport of the cargo itself. In this unit we will focus on significant factors in international transportation. While all types of transportation will be covered, with 95 percent of international cargo transported by sea, we will focus on this transportation mode. Additionally, we’ll cover the concept of containerization, and how it has impacted not only sea travel, but other modes of transportation.
Unit 4: Procedures, Documents, and Compliance
Many novice exporters have run into significant problems when first trying to do business abroad, souring them on following up on subsequent opportunities. The tremendous paperwork, formalities, and regulations that must be dealt with can also be overwhelming for exporters. Importers who do not know how to navigate the regulations can find their product held, or “tied-up” in customs for lengthy periods of time.
In this unit we will look at the underlying regulations, documents, and requirements that are needed to handle the majority of imports-exports.
Grading Criteria for Activities
|Lesson Activities (15 @ 10 pts. each)||150 points|
|Lesson Discussions (15 @ 5 pts. each)||75 points|
|Unit Group Collaboration (4 @ 25 pts. each)||100 points|
|Term Paper||100 points|
|A||90% - 100%|
|B||80% - 89%|
|C||70% - 79%|
|D||60% - 69%|
|F||0% - 59%|