Effective Materials Management - SC-42

Course summary
3 days
2,790 USD
Open / Scheduled

Course description

Effective Materials Management - SC-42

This three-day course covers practical considerations essential to achieve major improvements in planning, buying, storing, and disposing of the vast array of materials and spare parts needed in the oil and gas industry.


Evolving best practices by major oil and gas companies are explored under three inter-related modules - inventory management, warehousing, and investment recovery.

Suitability - Who should attend?

Professional and management personnel who have responsibility for materials, spare parts, and supplies needed to support any refinery, gas plant, onshore/offshore production, or other industry operations.

Training Course Content

Setting comprehensive inventory goals and objectives

Understanding carrying costs and economic order quantity theory

Improving material identification and coding

Segmenting inventory for analysis

Using formal procedures for making the decision to stock

Determining safety stock levels and order points

Improving min/max systems and settings

Understanding and using material forecasts

Establishing a warehouse scorecard

Creating best practices in the physical control of materials

Measuring record accuracy and improving cycle counting systems

Increasing the use of warehouse technologies

Improving warehouse safety and security

Preventing and reducing surplus materials

Understanding investment recovery techniques

Using the disposition value chain for investment recovery

About provider

PetroSkills - Oil & Gas Training Courses

PetroSkills was founded in 2001 as an alliance between BP, Shell and OGCI, aiming to accomplish a mission of vital importance for the future of the Oil & Gas industry. PetroSkills provide high quality professional training and courses that are...

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Average rating 4.7

Based on 3 reviews

Field Engineer
Instructor was very prepared and very knowledgeable.
Sourcing Specialist
Overall - very good intro to inventory and warehouse practices.
Supply Chain Analyst
I appreciated the pace of the course. The exercise materials were beneficial to enhance learnings.
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