SPECIALIST DIPLOMA IN INTERNATIONAL TRADING … commod brochure.pdf · This module begins with an overview of the import and export business and the various internal and external

INTERNATIONAL TRADING PCP STRUCTURE

GLOBAL TRADE

CERTIFICATE

(GTC)

SPECIALIST DIPLOMA IN INTERNATIONAL TRADING (SDIT)

INTRODUCTORY CERTIFICATE IN INTERNATIONAL TRADING (ICIT)

SPECIALIST CERTIFICATE IN INTERNATIONAL

TRADING (SCIT)

SUMMATIVE ASSESSMENT, PROJECT PRESENTATION & GRADUATION CEREMONY

APPLICATION & COMPANY MATCHING6

MO

NTH

SPh

ase

36

MO

NTH

SPh

ase

25

DAY

SPh

ase

1

COURSE INFORMATIONEligibility Criteria Singaporean or PR

New hire (≤ 3 months)

Career switcher (graduated for ≥ 2 year & have worked in a different job function)

Hold a minimum of Diploma or equivalent

Programme Duration 12 months

Minimum Service Period A period not less than 12 months with the respective sponsoring company upon completion of training

Qualification Pre-requisite - Minimum of Diploma or equivalent

Subsidies from WDA are available, subject to Terms & Conditions

To find out more about the International Trading PCP, please visit www.iti.smu.edu.sg/internationaltradingpcp or contact [email protected]

This programme is supported by

PROFESSIONAL CONVERSION PROGRAMME SUMMARY

NEWLY HIRED MID CAREER

(At least 2 years working experience to qualify for funding)

STRUCTURED TRAINING PROGRAMME

UPSKILLED & FUTURE READY

Mode of Training Classroom/e-learning & On-The-Job-Training (In-house)

Funding Course Fee & Salary Support

NON-COMMODITIES PROGRAMME OVERVIEWIntroductory Certificate In International Trading (ICIT)

DAY 1 INTRODUCTION TO INTERNATIONAL TRADE

• Trade: An Overview• The International Trade Value Chain • Trading Operations and Risk• Cross-border Trading

DAILY ROUND UP Industry Leaders Speaker Series (1)

DAY 2 BUSINESS PLANNING, MARKET ANALYSIS AND TRADE IN SOUTH EAST ASIA

• Market Research – Importance & Methodologies • Data Interpretation and Business Planning • Understanding the Asia Business Environment and its Relation to Trade

• The Impact of Culture on Business – Succeeding in a Multi-Cultural Business Environment

DAILY ROUND UP Industry Leaders Speaker Series (2)

DAY 3 INTERNATIONAL TRADE DISRUPTION

• The Role of Digitalisation and Automation in the Future of Trade• The Role of Brands in a Digitalised World• Managing Trade in a Digital Environment

• Disruptive Force – The Internet of Things, Big Data, Analytics, Industrial Revolution 4.0

DAILY ROUND UP Industry Leaders Speaker Series (3)

DAY 4 ROLES OF FINANCING

• The Role of Financing In International Trade• The Significance of Trade Finance to Importers and Exporters• Payment methods• Trade Finance Instruments

• Managing Trade Finance Risk

DAILY ROUND UP Industry Leaders Speaker Series (4)

DAY 5 FUTURE GLOBAL TRENDS AND SITE VISITS

• Future Trends in International Trading • The New International Trading Ecosystem• Site VisitsPROGRAMME ROUND UP Industry Leaders Speaker Series (5)

Specialist Certificate In International Trading (SCIT)SYNOPSIS OF MODULES:

Export Planning, Market Analysis and Risk ManagementThis module begins with an overview of the import and export business and the various internal and external factors involved. Participants will learn about market research, intellectual property rights and protection and how to assess export potential. They will also be taught how to develop an export business plan and the use of distributorship agreements. The second half of the module will cover the importance of enterprise risk management and how it value adds to a company’s performances. Topics covered include best practices in enterprise risk management, customer relationship management, the managing of reputational risk, liquidity risk, business risk and strategic risk in the context of risk-based profitability. At the end of the module, participants will be able to understand and implement a holistic risk-based planning and control system at the strategic, tactical and operational levels.

Supply, Procurement Management and ePlatforms Participants will be introduced to concepts of supply and procurement management and its importance to a company. They will be taught how to look into the process of selecting and qualifying suppliers, including Internet based sourcing. Non-standard purchasing processes that are commonly used in purchasing such as system contracting, capital equipment and reverse auction, the role of purchasing in management materials in a company and different types of materials normally used in a manufacturing company will be covered as well. At the end of the module, participants will understand the importance of suppliers’ relationship and the types of supplier partnership based on the strategic importance of suppliers in relation to business objectives. Discussions will also cover how technology can assist in improving the procurement management process and the different types of technologies commonly used in purchasing and the managing of the supply chain.

Inventory Management, Optimisation, Replenishment and Quality AssuranceParticipants will be introduced to the concepts of inventory management in this module. It identifies key supply chain performance indicators relevant to inventory management that will impact the bottom line of a company and discuss the strategic factors that must be considered in setting up an inventory policy of an organisation. Inventory management tools, approaches for different types of goods, safety stock and its various purposes in inventory management, the different types of inventory ordering systems applicable for a company will be covered. Participants will also learn about the purpose of materials requirement planning and its relationship to inventory management. How physical inventory should be managed and the new models in inventory management will be discussed. This module also highlights the broad array of tools, techniques and fundamental principles involved in quality assurance and control.

International Trade DocumentationThis module covers to the various trade documents and their purpose in international trading. This includes international contract of sale, transaction documents, transport documents, bill of lading, insurance documents and payment documents. Case studies on the examination of documents under documentary credit, highlighting the law and practice of compliance will also be included.

NON-COMMODITIES PROGRAMME OVERVIEW

Specialist Certificate In International Trading (SCIT)SYNOPSIS OF MODULES:

Customs Competency and Trade ComplianceThis module will introduce participants to the roles of customs in the import and export of goods and customs procedures involved in international trade. It will also include WTO Valuation methodology, where participants will be taught the methods of valuation of imported goods, and the use of the WTO GATT Article VII. Participants will also learn about the tariff classification of goods (such as the Harmonised Commodity Description and Coding System) and the application of Rules of Origin (ROO).

Online Marketing and eCommerce Platforms The Internet has given rise to new organisational forms such as virtual organisations and e-markets for physical and digital goods and services. This module provides an overview of digital technologies and applications that are changing the way international trading is done. It discusses various aspects of Internet commerce including infrastructure, security, payment systems and privacy issues. Case studies on businesses leveraging on the Internet will be used to illustrate the various benefits and challenges will be used. It also provides participants a deeper understanding of different Internet business models such as Internet access providers, online portals, online content providers, online retailers, brokers, market makers, networked utility providers, application service providers and their applications to different businesses. Participants will also be introduced to digital business transformation and the disruptive technologies which have a deep impact on future business.

Logistics, Supply Chain and Transport ManagementThis module covers importance of supply chain management in trading and includes tools used in the design, analysis, managing and improving the performance of supply chains. Influential innovations and technology such B2B portals in supply chain management will be covered as well. Participants will also be taught to understand the four major components in supply chain management: Inventory, Transportation, Facilities and Information.

Integration and ExecutionIn this final module, the various elements taught in the course of the SCIT will be integrated in a summary session to provide participants with a clearer understanding of how all the separate clusters of new knowledge and skills that they have gained interact with each other. They will identify ways on how they can apply the knowledge and skills in their workplace in an effective manner through the use of case studies, exercises and simulations.

NON-COMMODITIES PROGRAMME OVERVIEW

NON-COMMODITIES PROGRAMME OVERVIEW

Global Trade Certificate (GTC)Offered by ICC Academy, the GTC provides a comprehensive understanding of trade finance products – from letters of credit through to supply chain financing techniques.

Participants are required to attain 90 Professional Development Credits in six online courses and other elective courses.

Industry Seminar 1: Internet of Things & 5 ways to approach analytics Titled, “Internet of Things (IoT) & 5 ways to approach analytics”, this seminar will discuss how the IoT is changing the way businesses gather, store and consume data. Uncover insights from industry experts into new technologies and understand cutting edge trends that improve customer relations, business processes and decision-making capabilities.

Industry Seminar 2: National Trade Platform by AccentureThe National Trade Platform seminar by Accenture explores how new and improved technology is changing the way data exchanged between businesses and their partners up and down the supply chain.

Summative AssessmentAt the Summative Assessment phase, participants will be given six months to apply what they have learned towards completing and presenting a project.

Bi-monthly industry workshops will also be jointly conducted with industry partners to ensure participants are up to date in the International Trade sector.

Specialist Diploma In International Trading (SDIT)Participants will be awarded the SDIT when they have passed the SCIT, GTC and completed their Summative Assessment.

FACTSHEET

International TradingProfessional Conversion Programme http://iti.smu.edu.sg

[email protected]

WHY INTERNATIONAL TRADING?International trading accounts for 17% of Singapore’s GDP and is the second largest contributor to its economy.Comprising 7 key segments and 27 sub-segments, there are over 34,000 companies in the sector employing more than300,000 people. The sector also creates good paying jobs, with average salaries higher than the national median.Positions in the international trading sector includes traders, trading operators, supply chain professionals, market andtrade analysts and trade compliance specialists.

The International Trading PCP is designed to:1. Help Singapore companies become “disruption ready” by providing them with the talent they require to meet

the demands of a rapidly changing global economy.2. Equip mid-career professionals with the skills and knowledge they need to secure new and exciting

opportunities in the International Trading sector.3. Provide a comprehensive programme for current professionals to upskill themselves so that they are able to

help their companies become “future ready”.As the International Trading PCP is a Place-and-Train initiative, candidates will be matched with supportingcompanies to qualify for the programme.

The candidate must:• Be a Singapore Citizen or Singapore Permanent Resident;• Be a new hire (<= 3 months) Professional / Manager / Executive and selected by an eligible participating

company for the PCP;• Be a career switcher (must have graduated for more than 2 years and have worked in a different job function);• Have a minimum of a Diploma or equivalent.

About International Trading Professional Conversion Programme (PCP)

Eligibility Criteria

Participating companies must:• Be registered or incorporated in Singapore;• Issue a valid employment contract to the candidate;• Be able to provide structured On-The-Job Training (OJT) for the candidate.

http://[email protected]

Programme Structure

SPECIALIST DIPLOMA IN INTERNATIONAL TRADING (SDIT)

SPECIALIST CERTIFICATE IN INTERNATIONAL TRADING (SCIT)

SUMMATIVE ASSESSMENT, PROJECT PRESENTATION & GRADUATION CEREMONY

Industry Seminar (1): Internet of Things & 5 ways to approach analytics

Industry Seminar (2): National Trade Platform by Accenture

Export Planning, Market Analysis & Risk

Management

Supply & Procurement Management and

ePlatforms

Inventory Management, Replenishment,

Optimization & Quality Assurance

International Trade Documentation

Customs Competency & Trade Compliance

Online Marketing & eCommerce Platforms

Logistics, supply chain & transport

management

Integration & Execution

GLOBAL TRADE

CERTIFICATE (GTC) –Trade

Finance

INTRODUCTORY CERTIFICATE IN INTERNATIONAL TRADING (ICIT)

Introduction: International Trade and

its Value Chain

Business Planning & Analysis / Trade in

South East Asia

International Trade Disruption (Digitalization,

Big Data, etc)

Roles of Financing & Importance of Enterprise

Risk Management

Programme Round Up: Future Global Trends &

Site Visits

12

MO

NTH

S

5 D

AY

S

DAILY ROUND UP CEO SPEAKER SERIES

6 M

ON

THS

PH

ASE

1P

HA

SE 2

(in

clu

din

g O

JT)

PH

ASE

3 (i

ncl

ud

ing

OJT

)

APPLICATION & COMPANY MATCHING

Project Presentations

At the 8th month of the programme

At the 10th month of the programme

At the final month of the programme

The Introductory Certificate in International Trading (ICIT) is a 5 day foundation programme designed toprovide new entrants with an overview of the sector. It encompasses a mix of classroom sessions andindustry engagements which aims to provide the foundation knowledge that participants require in orderto work in a middle office in the International Trade sector .

1

The Specialist Certificate in International Trading (SCIT) provides in-depth insighters into tradingoperations and risk management. Sessions include classroom lessons, case studies and experientiallearning opportunities. Participants will be required to fulfil a minimum of 75% attendance rate and toobtain a pass in all modular assessments. The duration of SCIT training is 6 months.

Participants will also embark on the e-learning Global Trade Certificate (GTC) training provided by theInternational Chamber of Commerce (ICC) Academy. They will be evaluated and are required to obtainpasses in their modules.

Participants will commence on their On-The-Job Training (OJT) while undergoing their SCIT and GTCtraining.

2

Participants will identify and complete a project for their Summative Assessment which requires themto apply what they learned in the programme. They will be given 6 months to complete their projectwhich they are required to give a project presentation upon completion.

Industry workshops such as Trade Analytics, the New National Trade Platform jointly conducted withindustry partners will be organized to ensure they keep up to date with the latest trends and knowledgerequired in the sector.

3

Participants will be awarded a Specialist Diploma in International Trading (SDIT) once they havecompleted all of the necessary requirements.

4

Programme Components

Funding Support

ProgrammeFee Subsidy

Salary Support

International Trading Professional Conversion Programme Fees – S$ 18,000 (exclusive of 7% GST)

A) Programme Fee Subsidy

Criteria WDA Funds ParticipatingCompany Funds

For Singaporeans (less than 40 years) or Singapore Permanent Residents

S$ 12,600 (capped) S$ 5,400 excl GST

For Singaporeans (more than 40 years old) and/or Singaporeans sponsored by SMEs

S$ 13,000 (capped) S$ 5,000 excl. GST

http://[email protected]

NON-COMMODITIES

B) Salary Support Funding

Criteria Salary Support

For Singaporeans (less than 40 years) or Singapore Permanent Residents

70% of trainees’ monthly salary (subject to a cap of S$2,000)

For Singaporeans (more than 40 years old) or Singaporeans who are at least 6 month unemployed

90% of trainees’ monthly salary (subject to a cap of S$4,000)

Application Details

Interested applicants are encouraged to apply online or contact ITI@SMU to request for an applicationform.

All applications will be routed to participating employers for shortlisting. Interviews will be held beforethe commencement of the programme.

All employment offers are to be confirmed between employer and employee by October 2016.Applicants who have secured employment will then be notified to submit an online application toITI@SMU 3 weeks before commencement of the International Trading Professional ConversionProgramme.

To qualify for funding under International Trading PCP, applicants must:i. Confirm employment as a new entrant with a sponsoring companyii. Successfully enroll into the programme

Terms and Conditions

NON-COMMODITIES

Enrolment agreement for ALL successful applicants must be signed between ITI@SMU and traineesprior to the start of the programme.

Funding agreements may be signed between trainees and sponsoring employers, for mutual obligationsnegotiated for the programme.

ITI@SMU will also sign funding agreements with employers prior to the start of the programme andrequest for copies of the employment contract of the applicants for record purposes.

Participants may be required to sign a bond with their sponsoring employers which are subject torespective companies’ human resources guidelines and requirements. If the participants quits theprogramme midway, the participant may be subject and liable to pay the liquidated damages whichmay comprise of the full course fees, salary support and any other costs incurred by WDA, ITI@SMUand/or the sponsoring employer.

Should you require further information, you may contact:

International Trading Institute (ITI)@SMUAdministration Building81 Victoria StreetLevel 5Singapore 188065Tel: +65 6828 0430Email: [email protected]

The International Trading PCP is supported by:

Frequently Asked Questions (FAQs)International Trading Professional Conversion Programme

aWhat is the objective of the International Trading Professional Conversion Programme (PCP)?The International Trading PCP is offered by ITI@SMU in collaboration with:-- International Chamber of Commerce (ICC) Academy- Knowledge partners from the industry such as MasterCard, Accenture, Intertek, TradeNet, Bolero,

Lazada, to name a few,and supported by Singapore Workforce Development Agency (WDA) and International Enterprise (IE)Singapore

The International Trading PCP seeks to reskill local (Singapore Citizens and Permanent Residents) mid-career switchers and displaced professionals to enable them to embark in a new career within thevarious middle office functions in the International Trade sector.

Why is the International Trading PCP a Place-and-Train Programme?The International Trading PCP operates on a Place-and-Train mode in order to prepare trainees foremployment in the International Trade sector upon graduation from the programme. This ensuresthat participants gather prior workplace experience and have the opportunity to apply the lessons andskills learnt in the course.

Will the training be full-time or part-time?Where will it be conducted?The programme includes classroom training and On-The-Job Training components. This means thatthe participants would spend their working hours either at work or at SMU to attend lessons.

b

c

d

Is there funding support?Yes, support is provided for:a. Course Feeb. Salary Allowance – This will be provided during the 12-month training period. Sponsoring

companies will accord individuals salary allowance based on prior work experience, with fundingsupport provided by WDA.

Funding is only applicable to Singaporeans and Permanent Residents.

*More details are provided under “How can the trainee be eligible for the funding support?”

e

f

Tables of Contents

A General Questions

B For Professionals, Managers, Executives (PMEs)

C For Companies/Employers

A. General Questions

B. For Professionals, Managers, Executives (PMEs)

How do PCPs work and how can PMEs benefits from it?The PCP enables a PME to switch careers by facilitating his/her job placement into a hiring companyand putting him/her through a recognized training programme to acquire the necessary skills for thenew job.

How can the participant be eligible for the funding support?To be eligible for the funding support, the participant must:- Be a Singaporean or Permanent Resident- Being matched to a PCP participating company or an existing new hire (<3 months) by a supporting

company- Fulfill ITI@SMU’s course requirements and successfully enroll into the programme- Have graduated for more than 2 years- Be from a different sector or different role within the same sector

hIs there a bond for the programme?What if the participant quits the programme halfway?Participants may be required to sign a bond with their sponsoring employees before embarking on theprogramme, subjected to respective companies’ human resources guidelines and requirements. If theparticipant quits the programme midway, the participant may be subject and liable to pay theliquidated damages which may comprise of the full course fees, salary support and any other costsincurred by WDA, ITI@SMU and/or the sponsoring employer.

If the participant misses the current intake of the PCP, is there a next intake?There will be another intake in 2017.

What if the participant does not get a job offer from a participating PCP company?To qualify for funding support under the International Trading PCP, the participant needs to besuccessfully matched and be placed with a PCP-participating company.

In the event that the participant is unsuccessful in securing placement to qualify for the PCP, theparticipant can also consider pursuing the programme as a self-sponsored trainee and seekemployment in the sector after graduation.

When does the programme commence?The International Trading PCP commences in October 2016.

i

k

l

m

n

j

How does the participant apply for the Programme and when is the closing date?Interested applicants and/or sponsoring companies are encouraged to apply online or they cancontact ITI@SMU to request for an application form.

The application deadline is 3 weeks before the commencement of the programme.

g

What documents are required for the application?Yes, the following documents will be required upon registration:1. NRIC (front & back) for Singapore Citizens and Permanent Residents.2. FIN (front & back) Card such as Employment Pass/Work Permit/Dependent Pass and Passport fornon-Singaporeans3. A copy of transcripts and certificates of educational qualifications

o

How does a participant withdraw his or her application after submission?Applicants who wish to withdraw their applications may do so via email to [email protected]. This mustbe done 2 months before the programme commences.

p

Whenwill the participant know of the results?Applicants who are successfully enrolled in the programme will be contacted by ITI@SMU via emailand/or the phone numbers provided on the application form. Subsequently, ITI@SMU will inform theapplicants who have been unsuccessful in various phases. An email notification will be sent tounsuccessful applicants.

q

How can a potential participant find out more information on the International Trading PCP andwho can the he contact?Should he require further information, he may contact:

International Trading InstituteSingapore Management UniversityAdministration Building81 Victoria StreetLevel 5Singapore 188065Tel: +65 6828 0430Email: [email protected]

r

Upon completion of the training, what qualification can the participant obtain?The participant will be awarded certificates upon successful completion of the various components ofthe course. Only upon successful completion of all components and fulfillment of requiredassessments will the participant be awarded the Specialist Diploma in International Trading (SDIT).

C. For Companies/Employers

What are the benefits of PCPs and how effective have PCPs been?The programme enables employers to tap on additional sources of manpower so as to meet theirmanpower needs. Subsidies for salary support and course fees will also be provided to the employers,to encourage them to hire PMEs who are interested to be reskilled into a new job role.

Are SMEs eligible for PCPs?Yes, SMEs ate strongly encourage to participate in the programme.

tWhat type of funding support is available for PCPs?The following standard funding support is provided:• Course fee grant of up to 70% (or up to 90% for SMEs, subjected to a cap)• Salary support of 70%* of PME’s monthly salary, capped at $2,000 per month

*Enhanced funding support for Singapore Citizen PMEs aged 40 years or more and/or long-termunemployed (more than 6 months unemployed): Salary support at 90% of the monthly salary cappedat $4,000 per month

Why is there enhanced funding for PCPs?The enhanced salary support of up to 90% of the monthly salary (capped at $4,000) is provided toemployers, to strengthen support for mature and long term unemployed PMEs and to facilitate thehiring of more mid-career PMEs into industries with good prospects.

Can a company sign up for both PCP and Career Support Programme (CSP)?The company cannot sign up for both PCP and CSP for the same PME. PCP targets new hires with theneed for skills conversion into a new job while CSP targets new hires with minimal need for skillsconversion.

However, a company can tap on both PCP and CSP for different PMEs.

u

w

x

v

Can a company sign up for both PCP and P-Max?Yes, it is possible for a company with newly hired PME to sign up for both PCP and P-Max. However,the company and PME will need to meet both programmers’ eligibility requirements.

s

How do the PCPs help to facilitate retention of PMEs?Companies are encourage to sign a bond with the PME so as to commit them to staying in their jobsfor a period that commensurate with the duration of the programme. This aids in retention, after thecompletion of the training.

What are the eligibility criteria for Employers?Participating companies must fulfill the following criteria:• Registered or incorporated in Singapore• Issue a valid employment contract to the candidate• Be able to provide structured On-The-Job Training (OJT) for the candidate

Supported By: