Strategic Procurement and Supply Management in the Oil and Gas Industry - SC-62

Course summary
3 days
2,890 USD
Open / Scheduled

Course description

The development and implementation of carefully crafted strategies for the procurement of all goods, equipment, materials, and services has become a critical issue for all those in the oil and gas industry wishing to reduce operating cost while improving quality and productivity. This program explores key concepts forming the basis of strategic supply management, and moves today's supply management organization from its typical tactical focus to the strategic focus needed to successfully implement the processes and methods needed to reach world-class performance.

Suitability - Who should attend?

Managers and professionals in supply management, procurement, purchasing, contracts, materials, inventory control, projects, maintenance, operations, finance, as well as all other professionals interested in lowering total cost and increasing productivity and profit contributions from better supply management operations.

Training Course Content

Stages to world class supply management; Change and becoming more strategic; Supply management skill sets; Defining supply management; Examples of job descriptions for supply management; Developing the spend profile; Creating time to be strategic; The ABC (Pareto) analysis and what to do with it; Material/services purchasing code development; Elements of cost that make up the price; Developing "should cost"; Producer price indexes; Requesting supplier's cost and pricing data; Dealing with economic uncertainties, when, where, and how to use "Economic Price Adjustment" clauses; Internal surveys to improve purchasing performance; Total cost of ownership concepts; Cost containment methods; Cost reductions and cost avoidance; Savings reporting procedure; Developing purchased materials/services strategic plans; Developing the purchase price index for your organization; Negotiation skill sets; Steps in negotiation preparation; Positional negotiations; Final points before the negotiation

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 4.3

Based on 3 reviews

Procurement Advisor
All subjects were sufficiently described and detailed.
Procurement Officer
This was the best course I have attended.
Purchase Officer
The course was excellent.
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