PRACTICAL PROCUREMENT AND SUPPLY CHAIN MANAGEMENT

This course examines supply chain management in theory and practice and the roles and responsibilities of the supply chain practitioners. It offers a practical approach to managing procurement, focusing on  the strategies for procurement of equipment, materials and services needed on oil and gas projects. Especially organizing, planning, and controlling the work involved.   The course is based on the best and most current thinking in the field, particularly the Association for Supply Chain Management (ASCM)https://www.ascm.org/ SCOR Model and the Council of Supply Chain Management Professionals https://cscmp.org/  Case studies of  actual procurement and supply chain management implementation is used  to guide participants through a real life process.

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This training utilizes a case study of an actual procurement and supply chain management implementation for a Latin American  National Oil Company to guide participants through a real life process. Below is an indicative outline of topics to be covered in the training.

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• Get acquainted with the concept, objectives and stages of supply management in the O&G space

• Become better managers of supply pipeline and inventory

• Understand the art of negotiation, tendering and contracting process

• Hoe to build economic uncertainties – inflation, escalation etc.- into supply model

• Gain better appreciation of the elements of cost in a supplier’s price.

• Understand the composite price index and how its developed.

• How to develop a "Purchasing Coding System" and a Supplier Relationship Model

• How to manage and improve relationship with suppliers and contractors.

• Appreciate the importance of Supply chain in continuous improvement and project profitability