BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:277@x8ti.com DTSTART;TZID=Europe/Berlin:20270301T090000 DTEND;TZID=Europe/Berlin:20270305T130000 DTSTAMP:20260224T091353Z URL:https://x8ti.com/event/oil-and-gas-procurement-process-and-strategies- 2/ SUMMARY:Oil and Gas Procurement Process and Strategies DESCRIPTION:Course Overview\n What is the oil and gas supply chain?\nThe O il &\; Gas industry is a high cost &\; high-risk industry. The contr acts negotiated with suppliers are high value &\; often poorly establis hed contracts are a source of problems and source of revenue leakages for the industry. Is there a way contracts can be managed that no loopholes ar e left open for suppliers to capitalize on?\n\nThe daily hustle-bustle at the office can be a cover for several occurrences or miss-outs in the busi ness transactions that can cost the industry a fortune. Which are these tr ansactions &\; how can managers be sensitized to keep a watch for these revenue leakages that are costing this industry dearly.\n\nOften establis hed ways of doing business become so comforting for employees that they se e no reason to change.\n\nChange may not scream to draw the attention of m anagers to it and managers may continue to focus on what they have been ha bitually focusing on\, not realizing their current processes are a source of many of their business problems &\; cause of their mediocre performa nce.\n\nCarefully designed Processes that suit the new business environmen t can lead to dramatic breakthroughs in performance for the Oil &\; gas Industry.\n What is procurement in the oil and gas industry?\nKnowing th e suppliers and their industries can get greater savings for the Oil &\ ; Gas industry than ruthless &\; brutal negotiations to get. Suppliers are a source of great ideas\, be it a superior process\, new markets\, new technologies or substitute material\, such ideas get extraordinary perfor mance leaps for organizations that negotiations alone may not.\n\nOrganiza tions that consider their supplier’s adversaries do not explore the aven ues of growth that a well-thought supplier management strategy may lead to .\n\nThe Procurement course at Zoe talent solutions addresses all that we have discussed so far and a lot more. It not only teaches the fundamentals of procurement to a novice but it also shows experienced procurement prof essionals the changes they can incorporate in their routine to get perform ance breakthroughs &\; aid the industry in accomplishing its business o bjectives.\nCourse Objectives \nThe main objective of this masterclass is to aid:\n\n Participants new to procurement to learn the basics of purch asing\n Delegates to learn alongside different key procurement facets\n Experienced professionals gather insights on the way procurement if aptly put to use can aid the Organisation in strategy design\n Professionals re alize business goals &\; effect changes that are necessary for organiza tions survival and success\n\nTraining Methodology \n\n Our instructors are experienced professionals &\; are subject matter experts\n They no t only understand the subject well but are also able to see its significan ce &\; relevance to different industries\n They make use of examples & amp\; case studies to make the comprehension of the idea simpler for the p articipant\n With the use of tools such as graphics\, videos\, pictures e tc learning not only becomes easy but also is fun\n Our instructors maint ain the momentum/progression of the session such that it is neither too sl ow or fast for the participants\n\nOrganizational Benefits\n\n Our expert s share the current developments in the field of procurement along with al l that can be done new in this field\n This opens up the circuits inside the brain for the participant as he now can see all that is unaccomplished &\; possible for him\n This not only can be a source of great ideas b ut also can be inspiring to those participants who have been experiencing boredom in their jobs &\; believe there is nothing much left for them t o achieve\n After our training sessions\, participants experience a chang e in their thinking which leads to new behaviors and enhanced skills\n Mo re aware &\; skilled manpower will put the Organization on a fast lane to progress &\; improvement\n\nPersonal Benefits\n\n You learn the fun damentals of procurement\n You go further to learn the skills that are ef fective but are rarely mentioned in organizations\n You will be able to a ccelerate your career progression\n\n Who Should Attend?\n\n Freshers wh o intend to make a career in procurement\n Experienced procurement profes sionals who believe their careers are not progressing as intended\n HR pr ofessionals or Senior management in procurement\n\nCourse Outline\nThe cou rse will cover the following fields in detail:\nPurchasing\n\n Understand ing Purchasing step by step\n Understanding Purchase requisition\, Statem ent of work\, RFQ\, Purchase Order\n Understanding different requirements of the Purchase order\n\nUnderstanding Procurement Technology \n\n Ente rprise resource planning\n Electronic data interchange\n Inventory Manag ement systems\n Fleet Management systems\n\nPurchase Types in the Oil &am p\; Gas Industry\n\n Requisitions\n Standard PO\n Contracts\n Purchasi ng cards\n Travel and Entertainment (T&\;E)\n Catalog ordering\n Mat erial requirements planning (MRP)\n System-generated orders\n\nDocumentat ion\n\n Understanding specifications &\; their types\n Understanding specification traps\n\nSupplier selection\n\n Selecting a supplier\n Man aging supplier information\n\nMetrics for evaluating supplier performance\ n\n Inventory turn ratio\n Cash to cash cycle\n Return on sales\n Days sales Outstanding\n Fixed asset turnover ratio\n Return on assets\n In terest coverage ratio\n Demand Flexibility metrics\n Activity cycle time &\; TAKT time\n Higher production flexibility\n Product Development Metrics\n\nDecision-making tools for the high-cost decisions of the Oil &a mp\; Gas Industry\n\n Decision-making Tree\n Make or buy decisions\n In ternal rate of return\n Real options reasoning\n Net present value\n Pa yback period\n Pareto method\n Profitability index\n Return on investme nt\n\nLeakage Management in Oil and Gas\n\n Spend Analysis | An Introduct ion and Understanding\n Understanding deployment of spend analysis for gr eater benefits/savings\n\nRisk Management in the high-risk business of the Oil &\; Gas Industry\n\n Use contracts to transfer risks to your cont ractors/clients\n Using tenders to mitigate risks\n Contract Management\ n\nIntroduction to Supply Chain Management \n\n Bullwhip effect\n Need for supply chain management\n\nInventory Management \n\n What are invent ory costs?\n Functions of Inventory\n Types of Inventory\n Just-in-Time \n Total cost of ownership\n Introduction to Inventory control:\n\n ABC analysis\n Economic Order qty\n Computing EOQ\n Computing EOQ with dis counts\n Calculating Reorder Point\n\n\n\nNegotiations \n\n Preparing f or negotiations\n Strategic approach to negotiations\n\nDiscount Analysis | The Tool &\; How it Works\n\n Introduction to Discount Analysis\n A Deep-Dive into Discount Analysis\n\nTools &\; Strategies\n1: Procurem ent process:\n\n Data collection Stage\n Determining material valuation (data &\; cost evaluation techniques)\n Procurement strategy formulati on and execution\n Non- traditional approaches\n\n2: Making of Procuremen t – Strategy &\; Execution\nKnow your Supplier\n\n Information Vs de ployment\n Cost modeling\n Benefit during negotiating\n Ensuring contin uity of supply\n Sourcing alternatives\n Help in strategic endeavors\n Access to supplier innovation\n Process Improvement\n Can change the Pur chase Manager’s image in the Organization\n\nLogistics\n\n Introduction to logistics\n Introduction to transportation\n Road\n Air\n Sea\n C oncepts explained\n Bill of exchange\n Letter of credit\n Mates receipt \n Bill of lading\n Freight forwarder\n customs house agent\n Marine I nsurance &\; Types\n Introduction to Warehousing &\; its types\n I ncoterms Explained\n\nConducting Industry Business\n\n Introduction to bu siness process reengineering\n What processes should be re-engineered?\n Reason\, why start-ups record remarkable growth &\; established firms\ , do not\n Business process reengineering in procurement\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/09/Scre en-Shot-2024-09-10-at-9.20.20-PM.png CATEGORIES:Procurement, Logistics and Supply Chain Management LOCATION:Berlin Training Courses\, Hotel Adlon Kempinski Berlin\, Berlin\, Germany\, Germany X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Hotel Adlon Kempinski Berli n\, Berlin\, Germany\, Germany;X-APPLE-RADIUS=100;X-TITLE=Berlin Training Courses:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Europe/Berlin X-LIC-LOCATION:Europe/Berlin BEGIN:STANDARD DTSTART:20261025T020000 TZOFFSETFROM:+0200 TZOFFSETTO:+0100 TZNAME:CET END:STANDARD END:VTIMEZONE END:VCALENDAR