An Intensive 5-day Training Course
Strategic Sourcing for the Oil & Gas Industry
Attaining Procurement Excellence
Scheduled Dates
Classroom
| 17 - 21 Nov 2025 | New York - USA | $6,950 | RESERVE A SEAT |
| 13 - 17 Apr 2026 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 06 - 10 Jul 2026 | Vienna - Austria | $5,950 | RESERVE A SEAT |
| 16 - 20 Nov 2026 | New York - USA | $7,950 | RESERVE A SEAT |
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
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?
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?
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?
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 / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
Frequently Asked Questions
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.
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.
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
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.
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.
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]
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.
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.
Pre-Course Cancellation
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.
Refund Policy Disclaimer
All course bookings made through PetroKnowledge are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
PetroKnowledge reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
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.
For corporate fees and group registration, please send your query to [email protected].
