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Global Procurement and Supply Chain Management in the Oil & Gas

Introduction

In times of uncertainty, procurement and supply chain management increasingly play pivotal roles in supporting organizations within the Oil and Gas industry, facing fluctuating oil prices and financial challenges. Procurement is particularly tasked with enhancing operational cost efficiencies while simultaneously minimizing capital expenses. Upholding superior standards in procurement and supply chain management is essential for success in the global Oil and Gas markets. The evolving nature of supplier and operator relationships further emphasizes the necessity for strategic collaboration to navigate the complexities of the current economic landscape.

This course on Global Procurement and Supply Chain Management in the Oil & Gas Industry equips participants with the knowledge to refine their company’s procurement and supply chain strategies, focusing on long-term rather than just immediate cost reductions. It addresses how to adapt to market changes and adopt innovative global procurement practices. Participants will learn effective techniques to transform their procurement teams into more competitive and robust entities.


Course Objectives

  • Reevaluate existing E&P procurement strategies.
  • Enhance efficiency through streamlined processes.
  • Adopt modern industry practices.
  • Develop strong internal supply chain planning skills.
  • Foster collaborative relationships with vendors.
  • Learn tools and strategies for effective contract renegotiations.


Target Audience

  • Procurement Managers and Specialists
  • Supply Chain Managers and Analysts
  • Tender or Bidding Managers
  • Contracts Administrators and Managers
  • Supervisors in Contracting Departments
  • Project Engineers and Managers


Course Outlines

Day 1: Strategic Procurement Essentials

  • Defining Excellence in Procurement and Supply Chain Management.
  • Managing the Oil and Gas Value Chain.
  • Strategies for Effective Category Management.
  • Total Cost of Ownership and Asset Management in E&P.
  • Identifying and Managing Contractual Risks in Global Procurement.


Day 2: Advanced Supply Chain Strategies

  • The Critical Role of a Proactive and Cooperative Supply Chain.
  • Overview of Supply Chain Structures in the Oil and Gas Sector.
  • Balancing Demand and Supply Management.
  • Insights into Transportation, Logistics, and Warehousing.
  • Enhancing Integration within the Supply Chain.


Day 3: Enhancing Supplier Relationships

  • The Value of Strategic Supplier Partnerships.
  • Best Practices for Supplier Collaboration.
  • Developing and Managing Effective SLAs.
  • Comprehensive Supplier Relationship Management.
  • Securing Optimal and Continued Value from Suppliers and Contractors.


Day 4: Mastery in Contract Negotiations

  • Key Elements of Commercial Contracts in the Industry.
  • Preparation Techniques for Mutually Beneficial Negotiations.
  • Tactics for Handling Challenging Supplier Interactions.
  • The Role of Collaborative, Competitive, and Dynamic Negotiation Strategies.
  • Timing and Methods for Contract Renegotiation.


Day 5: Implementing Lean in Supply Chain Management

  • Strategies for Supplier Rationalization.
  • Application of Lean Tools and Techniques.
  • Understanding Lean Principles across the Supply Chain.
  • Designing and Implementing Lean Metrics.
  • Evaluating and Enhancing Supply Chain Efficiency.