Course Overview
The complexity of the oil and gas industries frequently results in projects being undertaken by joint ventures, alliances, and other strategic groupings. It also necessitates strategic procurements and outsourcing. Forming a successful vendor alliance, whatever its format, is a complex process requiring a high degree of experience and expertise. This programme focuses on and exposes participants to the processes and risks of procurement, some aspects of value chain management, the forms and the legal, and commercial principles that affect those relationships. The Strategic Procurement and Contract Management programme is designed to tackle these issues with an emphasis on the best practices in the Oil and Gas industry.
Programme Curriculum
The course will cover:
- Overview of the Oil and Gas Industry in Nigeria
- Strategic Supplier relationship
- Supply Management Analysis and Application
- Strategic Sourcing Methods and Tools
- Ethical Issues in Procurement
- Financial Skills for Procurement Executives
- Contracts Management Skills for Procurement Executives
- Contract Management and Supplier Relationship
- Supply Chain Management
- Smart Business Decisions: the Power of Data Analysis
- E-Sourcing and Programme Management.
- Bidding and Evaluations
- Negotiation in Contracting Context
- Post-Award Contract Management
Key Learning Objectives/ Benefits
- Learn the skills and tools for efficient/effective procurement and contract management
- Apply the skills/tools to improve organization procurement
- Learn to apply specific skills in different contexts.
Target Audience
This programme will benefit and provide a very rich and rewarding experience comparable to the best practices to managers involved in procurement, Supply chain, and Contract management, and also internal and external legal advisers.
Course Contents
Day One
- Overview of the Oil and Gas Industry in Nigeria
- Overview of Procurement
- The Terminologies
- Strategic fundamentals of a buyer
- Critical issues for consideration in developing procurement strategy
- Procurement Cycle
- Implementing procurement management plan
- Types of Procurement Methods
- Centralized and Decentralized Procurement
- Whole Life Procurement (TCO)
- The Procurement Management Procedure
- Project Appraisal and Analysis
- Sourcing and Outsourcing
- Tendering and Bidding
Day Two
- Strategic Supplier relationship
- Adopting appropriate procurement strategies in oil and gas contracts
- Negotiation – High value Negotiation planning
- Procurement Business Process Management
- Procurement Management Planning
- Strategic Alignment for the Procurement Manager
- Procurement Risk Management
- Guidelines for procurement audit manual
- Procurement Risk Auditing
- Procurement Risk Prioritization and Categorization
- Standard- based Procurement in Oil and Gas Industry
- Petroleum Procurement Policy
- Supply Chain Management
- International Sourcing and E-Procurement
Day Three
- Contracts Management Skills for Procurement Executives
- Types of contracts and implementation techniques
- Types of Petroleum contracts in the Oil and Gas Industry
- Oil & Gas Agreements
- Contract strategies and techniques
- Contract Management KPIs
- Terms-of-reference for contract of service
- Effective Negotiation in procurement
- Procurement Performance Management
Day Four:
- Financial Skills for Procurement Executives
- Capital Investment Appraisal
- Budget forecasting
- Budget development structuring
- Procurement Master Budgeting
- Procurement Financial Performance management
- Final Investment Decision
- Costing models – the Total Cost of Ownership
Day Five
- Procurement Key Performance Indicators
- Procurement Stakeholders Management
- Stakeholders Analysis
- Stakeholders Planning and prioritization techniques
- The Role of the Buyer in the Supply Chain
- Project Management & Procurement Analysis
- Supplier Management Integration System
- Procurement Management technological development
Course Fees: $9600 per participants covering Course modules, Certificate, Lunch only