PROGRAM'S BACKGROUND

In many companies spare parts stock represents a major investment which should ensure that the right parts are always available when needed. However, in reality this is not the case and companies find that they have too much capital tied up and that equipment is stopped waiting for a spare. This program covers practical considerations essential to achieve major improvements in planning, buying, storing and disposing of the vast array of materials and spare parts needed in the oil and gas industry. Evolving best practices by major oil and gas companies are explored as three inter-related modules for inventory management, warehousing and investment recovery.

The business world has been irrevocably changed by the advent of new Information Technologies. Supply Chain Management and Purchasing have been identified as the key business areas affected by the IT revolution. The challenge for organizations is to understand which of the many possible elements are appropriate for them, and which will add the most value to their activities. Understanding and applying those technologies is the key to achieving both reduced costs and improved customer value. This program guides delegates through the current and anticipated technologies, explains the latest thinking in e-business, and allows delegates to determine which elements are appropriate for their organization. 

PROGRAM'S OBJECTIVES

This Program’s Attendees Will Be More Able To:

›       Apply the latest techniques in material cataloguing and determine the various specifications of engineering materials including bearings, belts, couplings, gaskets, seals, chains, sprockets, valves, pipelines, piping, fittings, flanges, bolts, nuts and blinds

›       Identify the various specifications of metallic and non-metallic materials including iron, steel, alloys, copper, aluminum, plastics, rubbers, ceramics, glasses and composite materials

›       List spare parts and manage inventory and stores in a professional manner

›       Implement your new knowledge and skills of material cataloging in your CMMS and go back to your workplace with confidence

›       Have an introduction and overview of the current state of the art in electronic procurement, including all forms of web and internet based business

›       Have a framework for considering the uses of e-procurement within their own organization, and checklists on how to proceed in future

PROGRAM'S ATTENDEES

›       Maintenance Managers

›       Material Managers

›       Material Engineers Project Engineers

›       Plant Engineers

›       Maintenance Engineers

›       Material Officers

›       Senior Buyers

›       Purchasing Managers

›       Storeroom Managers

›       Store Keepers

›       CMMS Professionals

›       Maintenance Planners

›       Maintenance Supervisors

›       IT Professionals

›       Operations Managers

›       Manufacturing Managers

›       Materials and project personnel such as project managers

›       Procurement managers and staff

›       Buyers and staff with responsibility for buying who may in future buy electronically or do so currently

PROGRAM'S OUTLINE

›       Definition of supply chain management

›       Current initiatives in supply chain management

›       Looking at total value and total cost

›       The procurement job function and basic processes

›       Procurement strategy

›       Procurement planning

›       Setting comprehensive inventory goals & objectives

›       Understanding carrying costs and economic order quantity theory

›       Single source procurement/partnering

›       Advantages, problem areas, price determination – lowest reasonable cost

›       Negotiating – special issues

›       Planning & preparation

›       Win-win philosophy

›       Tricks others may play

›       Managing the total supply chain

›       Linking your suppliers and customers to maximum value

›       Analyzing the value chain

›       Aligning your suppliers

›       Adding value to your clients

›       Improving material identification and coding

›       Segmenting inventory for analysis

›       Using formal procedures for making the decision to stock

›       Determining safety stock levels and order points

›       Improving min/max systems and settings

›       Understanding and using material forecasts

›       Establishing a warehouse scorecard

›       Creating best practices in the physical control of materials

›       Measuring record accuracy and improving cycle counting systems

›       Increasing the use of warehouse technologies

›       Improving warehouse safety and security

›       Setting up an investment recovery program

›       Preventing and reducing surplus materials

›       E-procurement- when and why

›       On-line tendering and auctions

›       Swifter, faster logistical response as a source of competitive advantage

›       Use of new technologies in quick response logistics

›       Expediting: liability issues, do’s & don’ts, costs

›       Understanding investment recovery techniques

›       Using the disposition value chain for investment recovery

›       Developing "excellence"

›       Implementing continuous improvement for procurement function

›       Role of quality

›       Benchmarking and measurement

›       Summary and review 

ADDITIONAL DETAILS