Contracts Strategy & Management

The objectives of this course are:to help delegates develop their own procurement and Supply Chain Management (SCM) strategyto improve awareness of latest thinking and best practice in upstream petroleum industry procurementto enable delegates to adopt a model of best practice when managing procurement contracts and the supply chain

At the end of this course, participants will be able to:develop and implement a highly effective procruement strategy and plan for their organisation to reduce the overall cost of purchasingmanage their supply chain in order to deliver maximum value at minimum costdevelop and implement a best practice process for the management of contracts and the supply chainadopt innovative ways to select contractors and prepare tender documentschoose the type of contract and compensation terms that best achieves the contract's objectivesprepare tender evaluation criteria and evaluate a tender submissionmanage contract risk