MDT International’s in-house course on Contracts Strategy and Management is specifically tailored for the upstream petroleum industry, with a strong focus on procurement. Through the use of various examples, exercises, and case studies from the oil industry, delegates will gain practical and realistic experience in the procurement and supply chain areas.
The course begins by introducing delegates to the latest best practice model in the industry, highlighting the importance of an effective procurement and Supply Chain Management (SCM) strategy and its positive impact on a company’s performance.
Key topics covered in the course include:
- Developing an effective procurement strategy aimed at reducing overall purchasing costs.
- Managing contracts and the supply chain according to the latest best practices.
- Effectively managing contract risks.
- Maximizing value and minimizing costs through efficient supply chain management.
By the end of the course, delegates will have a comprehensive understanding of how to develop and implement a successful procurement strategy, effectively manage contracts and the supply chain, mitigate contract risks, and optimize value within the upstream petroleum industry.