• Class and Course

    Expediting Strategies

    Developing your own effective procurement and Supply Chain Management (SCM) strategy can make valuable quantifiable contributions to your company’s performance.

    This practical 3-day course shows you how to adopt a “best-practice” model and, outlines the latest thinking in upstream petroleum industry procurement. 

    The emphasis is on managing the supply chain to deliver maximum value at minimum cost; implementing a best-practice process; adopting innovative ways to select contractors and prepare tender documents to manage contract risk.  Oil industry case studies and examples will be used throughout the course.

    Best Practice Procurement & SCM in the O&G Industry

        • what is a contract
        • what goes wrong in contracting & procurement
        • differences in the petroleum industry
        • developing a ‘best practice’ contracting process
        • what is the supply chain and how do we manage it
        • developing excellent Scopes of Work (SOW)
        • SOW – 10 golden rules

    Contracts Strategies

          • the contracts process and how to develop one
          • alternative contracts strategies
          • the role of contract risk assessment
          • different types of contracts
          • how to use the strategy to prepare contractor selection criteria
          • needs in the tender preparation & issue stages
          • applying policies and procedures
          • what to do to prepare for the receipt of bids
          • developing a business relationship with your supplier in order to schedule or expedite deliveries and to resolve shortages

    Tendering – Post Contract Receipt and Award

          • how to carry out a contract risk assessment for strategy formulation and contractor selection
          • how to evaluate bids
          • final approval of recommended contractor and contract
          • preparing the contract and understanding the small print
          • the strategy to manage the contract post award
          • dispute resolution by negotiation
          • managing contract risk
          • liabilities and damages
          • how to handle missed or late deliveries, and other problems
          • how to apply a performance review process consistent with the SOW and the strategy
          • did the strategy work?
          • Ethical considerations in contracting.

    This course is aimed at personnel at all levels and in all disciplines, who have responsibility for and involvement in the entire procurement process. This includes line operational managers and specialists (the “end users”), as well as contracts managers and contracts specialists.

    • 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 and avoid common mistakes
    • 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 contact suppliers and use effective interpersonal skills in order to schedule or expedite deliveries and to resolve shortages
    • 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
    • How to handle missed or late deliveries, and other problems

    Currently there are no scheduled classes for this course.

    Click below to be alerted when scheduled

    Set a training goal, and easily track your progress

    Customize your own learning journey and track your progress when you start using a defined learning path.

    In just few simple steps, you can customize your own learning journey in the discipline of your interest based on your immediate, intermediate and transitional goals. Once done, you can save it in NExTpert, the digital learning ecosystem, and track your progress.
    © 2024 SLB Limited. All rights reserved.