Procurement and Supply Chain Management in Oil & Gas

Program Overview

This program empowers professionals in the oil and gas industry with the expertise to transform supply management from a tactical to a strategic function. By embracing a world-class supply management approach, graduates enhance their skills and contribute to the success of their organizations.

Program Outline

Degree Overview:

The program focuses on strategic supply management in the oil and gas industry, aiming to reduce operating costs while improving quality and productivity. It emphasizes shifting from a tactical to a strategic focus in supply management operations.

Objectives:

The program aims to equip participants with the skills and knowledge to:

• Achieve world-class supply management performance.
• Enhance supply management skill sets.
• Organize spend profiles effectively.
• Lead continuous improvement programs.
• Manage economic uncertainties.
• Improve purchasing performance through internal surveys.
• Develop a "Purchasing Coding System."
• Create a Composite Purchase Price Index.
• Allocate more time to strategic issues.
• Master negotiation planning and strategies.
• Understand the cost elements that contribute to a supplier's price.
• Develop a comprehensive purchased materials/services strategic plan.

Outline:

The program covers a wide range of topics, including:

• Stages to world-class supply management:
• Change and becoming more strategic
• Supply management skill sets
• Defining supply management
• Examples of job descriptions for supply management
• Developing the spend profile:
• Creating time to be strategic
• The ABC (Pareto) analysis and its applications
• Material/services purchasing code development
• Elements of cost that make up the price:
• Developing "should cost"
• Producer price indexes
• Requesting supplier's cost and pricing data
• Dealing with economic uncertainties:
• When, where, and how to use "Economic Price Adjustment" clauses
• Internal surveys to improve purchasing performance:
• Total cost of ownership concepts
• Cost containment methods
• Cost reductions and cost avoidance
• Savings reporting procedure
• Developing purchased materials/services strategic plans:
• Developing the purchase price index for your organization
• Negotiation skill sets:
• Steps in negotiation preparation
• Positional negotiations
• Final points before the negotiation