Course description

This course will expand the industry understanding of supply chain professionals and increase their value-added in a global, fast changing environment. Participants will learn what each industry segment requires from procurement and be given insights to maximize value delivery and increase their contribution to any business unit of the organization. 


Supply chain professionals with 2-7 years experience either inside or outside the oil and gas industry. The course is for anyone who needs a better understanding of procurement value creation in the oil & gas industry and includes buyers, procurement specialists, logistics specialists, business analysts, team leaders, project managers, commodity managers, materials managers, and new sourcing specialists or category managers. 


Course content

•    Industry overview for procurement including host country and strategic relationships
•    Key business drivers and interface issues between projects (CAPEX) and operations (OPEX).
•    Procurement’s role in Oil and gas value chain management – upstream, midstream and downstream
•    The E&P asset management cycle and total cost of ownership (TCO)
•    Economics of oil and gas that drive procurement value creation
•    Industry regulatory and contractor safety compliance issues that impact procurement
•    Industry market intelligence practices in procurement
•    Industry spend analysis characteristics and needed strategies
•    Creating industry category management (sector) strategies
•    Key procurement and supplier performance metrics
•    Trends in global sourcing and local content requirements
•    Oil and gas law and global contracting risks
•    The influence of eCommerce and eProcurement initiatives in oil and gas

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