The objectives of this course are: to help delegates develop their own procurement and Supply Chain Management (SCM) strategy to improve awareness of latest thinking and best practice in upstream petroleum industry procurement to enable delegates to adopt a model of best practice when managing procurement contracts and the supply chain

The learning outcomes of this course are capable of generating many hundreds of thousands of dollars every year for your company .

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

• develop and implement a highly effective procruement strategy and plan for their organisation to reduce the overall cost of purchasing
• manage their supply chain in order to deliver maximum value at minimum cost
• develop and implement a best practice process for the management of contracts and the supply chain
• adopt innovative ways to select contractors and prepare tender documents
• choose the type of contract and compensation terms that best achieves the contract's objectives
• prepare tender evaluation criteria and evaluate a tender submission
• manage contract risk
  

This course is aimed at personnel at all levels and all disciplines who have responsibility for and involvement in the entire procurement process. This includes:

• line operational managers and specialists (the "end users")
• contracts managers and contracts specialists

The companion course is Negotiation Skills for the Oil & Gas Industry.

What is a contract?
• the contract as a legal instrument

• the contract as an investment tool

What is the Supply Chain and how do we manage it?
• illustration of SCM

• benefits of defining SCM

• SCM analysis for opportunities to save money

Developing a best practice procurement process
• a suggested process for managing contracts from beginning to end

• the role of end users and the contracts specialist

What makes the petroleum industry different?
• the role of government, national oil companies (NOC's) and co-venturers

What is a Contracts Strategy & how do we develop one?
• oil industry case studies and examples

• the essential ingredients of a contracts strategy

• the process of developing a contracts strategy

The role of contracts policy and procedures

• the vital relationship between contracts strategy, policy and procedure

• oil industry examples of contracts policy and procedure

Alternative Contracts Strategies
• oil industry examples and case studies

The role of contract risk assessment
• the importance of contract risk assessment in strategy and contractor selection

• how to carry out a contract risk assessment

Alternative Tendering Strategies
• functional vs technical specifications

• oil industry examples

Different types of contracts

• strengths & weaknesses of alternative contract types

• how to choose an appropriate contract compensation method

How to prepare contractor selection criteria

• oil industry examples

• traditional vs non-traditional selection criteria

How to evaluate tender submissions

• how to ensure best value selection

• how to avoid common mistakes

Understanding the "small print"

• getting to grips with contractual language and terms and conditions

How to manage the contract after it has been awarded

• the role of the "kick off" meeting

• preventing and resolving disputes

• managing cost and performance

• how to give contractor feedback

Click the button to find out the duration, dates, cost and locations for the course.