Overview

Internal Oil and Gas Purchasing

About the Course

 This course will deepen supply chain professionals' grasp of the sector and boost their value in a dynamic, international setting. Participants will get knowledge about the procurement needs of each industry sector and tips on how to maximize value delivery and boost their participation. The course contains pre-reading materials to acquaint course participants with pertinent subjects as well as an online, interactive forum with the teacher. Participants will be more equipped to develop and support procurement strategies that satisfy stakeholder needs, whether for projects or operational support, after attending.

Target Audience

 specialists in supply chains with two to seven years' experience, both inside and outside the oil and gas sector. The course is intended for buyers, procurement specialists, logistics experts, business analysts, team leaders, project managers, commodity managers, materials managers, and new sourcing specialists or category managers, as well as anyone who needs a better understanding of procurement value creation in the oil and gas industry.

Course Objectives

•  How the industry is organized, including the host nation and key alliances Issues with business interfaces and drivers will be supported by procurement
• The influence of sector economics on procurement good cost management techniques Industry-wide compliance requirements and the value that procurement can offer
• The E&P (upstream), midstream, and downstream value chains' representations of the industry Total Cost of Ownership and the E&P Asset Management Cycle
• Oil and gas supply market characteristics, as well as the focus on market intelligence techniques and supply risk management
• What makes effective supply chain and procurement measurements for performance improvement? problems specific to the industry's procurement

 Course Outlines

• Overview of the procurement sector, including the host nation and key partnerships
• Important business factors and problems with the interface between projects (CAPEX) and operations (OPEX) The upstream, middle, and downstream roles of procurement in the management of the oil and gas value chain
• Total cost of ownership (TCO) and the E&P asset management cycle Oil and gas economics that drive the creation of value in procurement Issues with contractor safety compliance and industry regulations industry market intelligence procurement methods
• Characteristics and tactics for industry spend analysis Developing sector (industry) management strategies Important KPIs for supplier performance  global sourcing trends and local content needs worldwide contracting risks and oil and gas legislation
• eCommerce and eProcurement initiatives' effects on the oil and gas industry