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Upstream Procurement & Supply Chain Management

Next Start Date : No new date. Check back later.

Seating Capacity : 25

Venue : Dubai

Course Fee : $3,500

Duration : 4

City : Dubai

Other Upcoming Dates : No more date was found for this course on the calendar.

Course Overview

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COURSE OVERVIEW

The proper procurement of goods and services is essential for successfully delivering oil and gas projects. The procurement of goods and services also constitutes a significant portion of project spend. Delivering projects on schedule, at competitive rates, and with the best available input (people, goods, materials and technology) requires planning, minimising and reducing waste and inefficiency along the supply chain, mitigating supply chain risks, and adopting appropriate contracting processes.


The Supply Chain Management and Procurement practices must operate at the upper quartile of the supply chain grid to deliver the best procurement outcome and ensure that projects avoid delays and cost overrun. It is also important to know the tools to deploy to get the most competitive deal from the market place, to cut off wastages and inefficiency along the supply chain, and to effectively negotiate with and manage suppliers to get the best from them. 


All of the above are important if the project is to be delivered on time, with the best materials, at the least possible cost and with regard to safety of operations.

Therefore understanding best practices in oil and gas upstream procurement and supply chain management is essential to the successful delivery of projects, especially in this era of low oil prices- if you cannot control the price of oil, at least you can control your third party procurement and supply chain spend to ensure that ongoing projects are not ruined by severe cost overrun.

This course will expose participants to a comprehensive treatment of issues associated with upstream procurement and supply chain management, showing how these issues can be managed for successful project delivery especially in an era of low oil prices- from demand identification to fulfilment; from supplier relationship management to project close out.

 

At the end of the course delegates will:

  1. Understand how effective procurement and supply chain management can contribute to the profitability and competitiveness of the organisation.
  2. Be able to design and implement processes that  lead to better procurement outcome
  3. Understand how to manage the procurement process from demand identification/planning , portfolio analysis to demand fulfilment and project close out
  4. Be able to manage the tendering process and issues associated with single sourcing
  5. Understand and apply the Total Cost of Ownership in Supplier Selection
  6. Understand, measure and improve their purchasing performance
  7. Be able to develop and use effective tools for better supplier selection and performance management
  8. Create an effective procurement strategy and manage the tendering process for better outcome including managing issues associated with developing appropriate ITT and bid evaluations
  9. Understand the importance of negotiating with suppliers and the different approaches to negotiation.
  10. Understand Category Management and how to reduce total cost of ownership.
  11. Be able to deal with Supplier Failures and mitigate supply chain risk
  12. Learn how to undertake mapping for various categories of supply for oil and gas project requirements
  13. Be able to design and implement effective supply chain management framework development frameworks

 

COURSE OUTLINE

·         The Procurement and Project Environment

·         The role of contract in the procurement environment

·         Aligning procurement objectives with business Objectives

·         Developing Supply Chain Management Processes and Framework

·         The Upper Quartile Supply Chain Management

·         The Tender Process- from portfolio analysis, market approach to supplier prequalification, and selection

·         Analysing bids and quotations and balancing the quality, pricing and schedule pull

·         Practical tools and approaches in managing the procurement process

·         Strategic procurement

·         Measuring your Performance

·         Setting up, negotiating and managing contracts

·         The negotiation process

·         Supplier Performance Management

·         Creating Value

·         Project close out

 

Who Should Attend

CPOs, Procurement Directors, Supply Chain Managers, VP Procurement, Contract Managers, bid Analysts, Buyers, Category Managers, project managers and all who work in procurement /supply chain department of oil and gas and related companies.