The British Academy offers the Oil & Gas Procurement & Supply Chain Course, designed to equip professionals with the essential skills and knowledge to navigate the complexities of procurement and supply chain management in the oil and gas industry. This course will encompass fundamentals as well as present practices in oil and gas procurement and supply chain management, and will include all good principles that span the whole range of operations. This course will give attendees the opportunity to delve into strategies for procurement, supplier relationship management, and logistics as it pertains to risk management and cost control. The course will also focus on compliance and innovative technology provisions in today's transforming supply chain landscape, as well as regulatory compliance along with environmental consideration. Attendees will be well equipped with practical skills on the management of sourcing, inventory, and contract negotiation in industry standards and best industry practices compliance. This Supply Chain Operations in the Oil & Gas Industry training course will explore key concepts and solutions that can be employed to optimize the balance between supply chain responsiveness and the costs required to deliver desired business results.

Objective:

The objective of this course are:

1. Understand key elements and terms in oil and gas procurement and supply chain management.

2. Learn how to manage the overall procurement cycle, from supplier assessment up to negotiation of contracts and managing the contract performance.

3. Get acquainted with worldwide supply chain approaches, concerning logistics, risk management, and cost control.

4. Best practices in managing the relationship with vendors and stakeholders include compliance with environmental and safety regulations.

5. Develop the skills needed to remedy common problems and ensure efficient operation in the supply chain of oil and gas.

Who Should Attend?

1. Procurement professionals

2. Supply chain managers

3. Project managers

4. All of those who need an understanding of supply chain concepts

5. Sourcing, procurement and supplier management professionals

6. Production and manufacturing professionals

7. All of those who need an understanding of the relationships between risk, cost and service in supply chains

How will attendees benefit?

Attendees of the Oil & Gas Procurement & Supply Chain Course will benefit in several key ways:

1. Enhanced Understanding of Procurement Processes: Build detailed understanding of procurement cycles in oil and gas from sourcing to supplier selection to contract negotiation, enabling more efficient and effective procurement execution.

2. Enhanced Skills in Supply Chain Management: Arm yourself with strategies to optimize your supply chain, focusing on logistics, inventory management, and transportation, which is the life-blood of viable operations in oil and gas.

3. Risk and Cost Management Competence: Acquire skills to recognise and mitigate risks under procurement and supply chain while implementing measures that contain costs for maximising efficiency and reducing costs.

4. Regulatory and Compliance: A thorough knowledge of regulatory compliance and environmental considerations will prepare attendees to navigate the complex legal landscape within which they operate in ensuring their supply chain is in the line with industry standards.

5. Supplier Relationship and Performance Management: Learn the best practices for managing supplier relationships and performance evaluations as well as ensuring compliance with contractual stipulations and creating value for both parties while eliminating disruptions.

6. Adaptation to Technological Change: Keep ahead of the game by learning about digital and other emerging technologies that are revolutionising supply chain management to improve efficiency and minimise operational risks.

7. Practical Application of Industry Knowledge: The course takes the form of many hands-on activities through case studies and interactive exercises to ensure that the attendees would be able to put into practice what they learn directly into real-world applications in the oil and gas industry.

Introduction to Oil & Gas Procurement and Supply Chain Management:

• Overview of the oil and gas industry supply chain.

• The role of procurement in the oil and gas sector.

• Key stakeholders and their responsibilities.

Procurement Strategies and Planning:

• Developing procurement strategies.

• Demand forecasting and inventory management.

• Sourcing and supplier selection processes.

Supplier Relationship Management:

• Establishing and maintaining supplier relationships.

• Evaluating supplier performance and compliance.

• Negotiating contracts and managing disputes.

Logistics and Transportation in Oil & Gas:

• The importance of logistics in oil and gas procurement.

• Managing transportation and storage of materials and equipment.

• Ensuring safety and compliance in logistics operations.

Risk Management and Cost Control:

• Identifying and managing risks in procurement and supply chain.

• Cost reduction strategies and budgeting.

• Crisis management and business continuity planning.

Regulatory Compliance and Environmental Considerations:

• Understanding industry regulations and standards.

• Ensuring environmental sustainability in the supply chain.

• Managing compliance with health, safety, and environmental laws.

Technology and Innovation in Supply Chain:

• The role of technology in modernizing the oil and gas supply chain.

• Implementing digital tools for procurement and logistics.

• Future trends in oil and gas supply chain management.

Managing Outsourcing in the Organization

• What is outsourcing?

• How to manage the outsourced contract

• Making sure that you are not paying too much for an outsourced contract

• Understanding how to measure the performance of contracts

• Appreciating cost/service trade-offs