Course Objectives

Developing your own effective procurement and Supply Chain Management (SCM) strategy can make valuable quantifiable contributions to your company's performance. This practical course shows you how to adopt a "best-practice" model, and outlines the latest thinking in upstream petroleum industry procurement.

What you will learn:

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

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