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Strategic Management of the Oil and Gas Supply Chains Training

From $5250 per attendee

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Course Information

Day 1
Understanding The Oil and Gas Supply Chain
• The supply chain functions
• Value Chain Vs Supply Chain
• Components of the oil and gas Supply Chain
• Issues in the oil and gas supply chains
• Oil and gas supply chain performance

Day 2
Strategic issues in the oil and gas supply chain
• Conceptualising supply chain management strategies
• Strategic environmental scanning in supply chain management
• Supply chain management and competitive advantage
• Cost savings areas in the oil and gas supply chain
• Achieving the resilience of the oil and gas supply chain

Day 3
Effective Inventory management
• Types of inventories
• Supplier-Inventory-Customer management principles
• Inventory and cash operating circle
• Cost savings from inventory management
• Supplier performance management

Day 4
Supply Chain Risk Management
• Understanding supply chain risk
• Risk Vs Uncertainty
• Supply chain Fulcrum
• Risks and uncertainty in the oil and gas supply chain
• Supply chain Risk Management Strategies

Day 5
Contemporary Issues in the Oil and Gas Supply Chain
• Introduction to sustainability in the oil and gas supply chain management
• Sustainability Vs Green Concept
• The Triple Bottom line of sustainability
• Introduction to oil and Gas Supply chain Analytics
• Descriptive modelling of the Oil and Gas Supply Chain
• Predictive Modelling of the oil and Gas supply chain
• Prescriptive Modelling of the Oil and Gas Supply Chain

Strategic Management of the Oil and Gas Supply Chains Training Course

The global oil and gas industry is powered by complex and dynamic supply chains, which have far-reaching implications for safety, health, and the environment. Because of the high-risk nature of the industry, any small mistake in managing its supply chain can have severe repercussions on all participating companies, personnel, the environment and society. Unfortunately, due to the technical nature of the industry, supply chain management (SCM) in the industry was initially considered a ‘soft issue’ until the players in the industry realised that about 80% of their operating expenses are ‘burnt’ on SCM-related activities.
Therefore, successfully managing the oil and gas supply chain from a strategic standpoint is not just a cost-saving activity but a strategy for improving the overall performance of the firms in the oil and gas industry. Considering this, the current training course adopts advanced teaching techniques from practical and theoretical perspectives to expose the participants to global best practices in managing the oil and gas supply chains strategically.

By the end of this training module, you will learn to:
• Understand the components and interconnectivity of the complex nature of the oil and gas supply chains
• Appreciate the cost-saving areas in the oil and gas supply chain management as a source of competitive advantage
• Use the global best practices in inventory management and supplier management to enhance competitiveness
• Identify supply chain risks using analytical tools
• Explore contemporary issues in the oil and gas supply chain, including sustainability and supply chain analytics

This training course is suitable for anybody in the oil and gas industry and the energy sector responsible for cost savings, policymaking, strategic management, and operations management, not just those in the supply chain management functions. Nevertheless, the following may find the course incredibly beneficial:
• Supply chain professionals
• Persons interested in understanding supply chain concepts
• Purchasing, procurement and supplier management professionals
• Production and manufacturing professionals
• Risk management professionals
• Oil and gas regulators and policymakers
• Customer service officers

Continuing Professional Development

35 HOURS CPD