Inside Procurement in Oil and Gas - SC-61

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. Course registration includes an online, interactive forum with the instructor and pre-read materials designed to familiarize course attendees with relevant issues prior to the learning that will occur in the classroom. Attendees will leave better prepared to create and support procurement strategies that meet stakeholder needs whether for projects or operations support.

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. This course has been designed in collaboration with major oil companies to increase procurement competencies that are most relevant to the industry today.

You will Learn:

How the industry is structured including host country and strategic relationships
Business drivers and interface issues to be supported by procurement in an environment of increasing joint operations and shifting relationship models around the globe
The role of industry economics in dictating procurement good practices in cost management
Industry global compliance needs and how procurement can add value in meeting them
How the industry is modeled in the E&P (upstream), midstream and downstream value chains
The E&P Asset Management Cycle and Total Cost of Ownership (TCO) concepts as it relates to the oil and gas industry
Characteristics of supply markets to oil and gas and the emphasis on market intelligence practices and managing supply risks
What constitutes effective procurement/supply chain metrics for performance improvement
Procurement challenges unique to the industry including global sourcing, local content requirements, and the growth of eCommerce

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