Strategic Sourcing for the Oil & Gas Industry

An Intensive 5-Day Training Course

Strategic Sourcing for the Oil & Gas Industry

Attaining Procurement Excellence

Scheduled Dates

20 - 24 Mar 2023 Dubai - UAE $5,950
03 - 07 Jul 2023 Vienna - Austria $5,950
13 - 17 Nov 2023 New York - USA $6,950
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Why Choose this Training Course?

Why Choose this Training Course?

Procurement in the Oil and Gas industry has always faced particular challenges. With the background of volatile oil and gas prices, marginal oilfields, extreme locations and new global business trends, the oil and gas industry is forced to seek better solutions to overcome these challenges. Procurement Leaders need to think about the sourcing strategies they employ to maximise the value they bring to their organizations.

Strategic Sourcing is a disciplined, multi-stage process that examines, addresses and optimizes the Total Cost of Ownership, and that typically involves cross-functional teams. This is why Strategic Sourcing is so critical and can have such a strong effect on the bottom line. Strategic Sourcing can go well beyond cutting costs. Best-in-class companies recognize strategic sourcing as a value creator and consider it to be integral to their overall strategies for growth.

This highly-interactive PetroKnowledge training course has been specifically designed to focus procurement professionals on the many benefits of utilizing and working to a comprehensive strategic sourcing policy that encompasses real value for money; and highlights why the strategic sourcing approach allows procurement professionals to consolidate purchasing power in order to secure the best value available in the marketplace, in addition to:

  • Reducing or controlling procurement costs
  • Maximizing the value of every dollar of spend
  • Streamlining the procurement operations
  • Building strong, trustworthy relationships with existing and new vendors
  • Retaining, gaining or regaining a competitive advantage in their marketplace

What are the Goals?

What are the Goals?

By the end of this training course, participants will be able to:

  • Gain stakeholder involvement and buy-in
  • Comprehensively understand both internal needs and the external supply market
  • Understand the Total Cost of Ownership (TCO)
  • Build effective RFIs and RFPs
  • Develop the right sourcing strategy to achieve tangible results

Who is this Training Course for?

Who is this Training Course for?

This training course is designed for anyone involved in the sourcing process, particularly those who want to be able to define and quantify value to the business, and support it through analysis and understanding.

This PetroKnowledge course is suitable to a wide range of professionals but will greatly benefit:

  • Procurement Officers
  • Contracting Officers
  • Supply Chain Professionals
  • Program managers
  • Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services

How will this Training Course be Presented?

How will this Training Course be Presented?

Using a unique blend of cutting-edge research and proven techniques, this training course will be delivered a recognised world-class procurement professional. Participants will increase competencies through a variety of instructional methods including lecture, exercises, reviewing published articles, checklists, videos, and group discussions. A comprehensive course manual enabling practical application and reinforcement is provided. Using the most up to date world-class materials, the instructor will take the participants through a journey of learning new skills and give them the confidence to use these skills on their return to their duties.

Daily Agenda

Day One: Defining and Implementing Effective Sourcing Strategies

  • The Importance of Strategic Sourcing in the Oil & Gas industry

  • Tactical versus Strategic Sourcing 

  • Strategic Sourcing Benefits 

  • Key Steps in a Strategic Sourcing Process
  • Developing a Strategic Sourcing Plan

Day Two: Strategic Sourcing Approach to Critical Success Factors

  • Organizational Commitment
  • Supply Market Understanding
  • Total Cost Evaluation
  • Modifying Approach Towards Suppliers
  • Organizational Role Changes
  • Culture / Processes for Continuous Improvement

Day Three: Creating Effective Oil & Gas Sourcing Teams

  • Understanding the Business Requirements
  • Supplier and Supply Market Research
  • Identification of Preferred Supplier(s) 

  • Supplier Selection Processes
  • Supplier Development and the Strategic Sourcing Process

Day Four: Leveraging Supply Management Tools and Techniques to Improve Cost Performance

  • Major Procurement Challenges in Oil & Gas
  • Strategic Cost Management
  • Principles of Cost and Value Management
  • Understanding the Total Cost of Ownership
  • Strategic Analysis and Generating Options
  • Analysing and Mitigating Risks

Day Five: Supplier Performance Management, Quality Management and Supply Based Integration

  • The Importance of Supplier Performance Management
  • Developing and Maintaining Long-term Supplier Relationships
  • Performance Measurement and Evaluation

  • Quality Management for Strategic Sourcing

  • “Speaking with one voice” to Suppliers

Certificate

  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

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.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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© 2022. Material published by PetroKnowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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