Procurement Strategies for Success in the Oil and Gas Sector

The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipments and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This program explores key concepts forming the basis of procurement and supply chain management and moves through leading edge issues that confront organizations today in the Oil and Gas Sector.

CONTENT

* Seeing Procurement as a Dynamic, interactive system in the Oil & Gas Sector 

The System Approach vs the Traditional

Functional Approach

What is the Goal of Procurement?

Developing the Strategic Procurement Plan

An Overview of the Procurement Process

Procurement as part of the Supply

* Developing, Implementing the Strategic Procurement Decisions

Make/Buy Decision

Quality Assurance

Supplier Selection

Supplier Rating and Ranking

Contract Management

IT Systems and e-Procurement

Policies and Procedures

Staffing the Procurement Department

* Dealing with Operational Procurement Decisions

Selecting the most appropriate ordering process

The Payment Process

Reducing the Cost of Procurement of Small Value

Purchase Orders

* Understanding What Logistics and the Supply Chain are about in the Oil & Gas Sector 

Definitions of Logistics and Supply Chain Management

The Interrelations and Connections of Buying, Making, Moving and Selling Activities

Understanding the Supply Chain Dynamics

Supply Chain Operations Reference Models (SCOR)

* Key Aspects and Rules of Supply Chain Management in the Oil & Gas Sector

The Cost/Service Balance

Customer Service Principles

Inventory Principles

Lead Times throughout the Supply Chain

Adding Value

FOR WHOM:

Staff involved in Acquiring, Implementing and Overseeing Procurement Management Information System (PMIS), Accountants, Storekeepers and all those involved in Purchasing and Contracting in the Oil and Gas Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.