An Intensive 2-day Training Course
Reducing Costs through better Procurement
and Supply Chain Management
Scheduled Dates
Classroom
| 23 - 24 Jun 2025 | Riyadh - Saudi Arabia | $2,950 | RESERVE A SEAT |
| 13 - 14 Oct 2025 | Riyadh - Saudi Arabia | $2,950 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.
Why Choose this Training Course?
A changing economic environment requires a change in focus for procurement activities. This interactive 2-day training course will highlight the reduced costs and added value that can be delivered with an appropriate focus on procurement and supply chain management.
This training course will emphasize how to analyse the existing requirements and spend profile, in order to identify opportunities for short and long term savings and improvements in added value. The course will then help delegates to plan to deliver those changes without compromising quality or supplier relationships.
This training course will feature:
- Discussions on the changing role of procurement and supply chain
- Maximising value for money
- Examining cost drivers
- Improving profitability by controlling total costs
- Understanding and managing supplier pricing models
What are the Goals?
By the end of this training course, participants will be able to:
- Appreciate spend data for decision making
- Analyse supplier pricing and cost strategies
- Identify opportunities for cost saving
- Understand how to manage suppliers to achieve mutual cost savings
- Develop and implement a cost reduction strategy
Who is this Training Course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Professionals in Supply Chain Management roles
- Buyers, Procurement Officers and Procurement Department Managers
- Operations Managers with budget responsibility
- HR and Training Staff
- Finance Managers and Directors
- General Managers who seek to derive greater value from their contracts
How will this Training Course be Presented?
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This will include presentations, exercises, videos and work sheets. The daily workshops will be highly interactive and participative. Delegates are strongly encouraged to bring examples from their own work place for discussion - This adds greater relevancy to the content.
Daily Agenda
Day One: Identifying Cost Reduction Opportunities
- Introduction: The role of Procurement and Supply Chain Management
- Benefits and risks of cost reduction for the organisation
- Understanding Price, Cost and Value
- Categorising spend
- Spend analysis to identify opportunities
- Cost reduction not cost transference along the whole supply chain
- Drivers of whole life cost
- Strategies and Tactics
- When to use negotiations, extensions, tendering and e-auctions to improve costs
- Procurement and Supply Chain Management: Challenges and Solutions
Day Two: Implementing Cost Reductions
- Introduction: Managing Change
- Cost reduction techniques
- How to deliver cost improvements
- Negotiating changes
- Contractual blockers to reducing costs
- Appropriate Key Performance Indicators (KPIs) to ensure continued performance
- Common cost cutting problems – how to avoid them
- Action Planning to reduce costs
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
In Association With
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
