Operations & Supply Chain

Strategic Procurement and Supply Management in the Oil and Gas Industry

This course provides a comprehensive examination of strategic procurement and supply management specifically tailored for the oil and gas industry. Participants will develop skills to optimise procurement processes, manage supplier relationships, and enhance supply chain efficiency within this complex sector.

5 days Classroom or live online English

Smart Horizon Certified - Global Leadership Consultants

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Download the full standard outline: why attend, methodology, objectives, audience, competencies, the daily outline and current plans.

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Why attend

From knowledge to real-world impact.

Procurement professionals in the oil and gas industry face unique challenges such as fluctuating commodity prices, regulatory compliance, and geopolitical risks that can significantly impact project outcomes and operational costs. Understanding how to strategically manage procurement processes is critical for ensuring cost efficiency and operational continuity. This course addresses these challenges by equipping participants with the tools to navigate sourcing complexities, negotiate effectively with suppliers, and implement robust contract management practices. By enhancing these capabilities, attendees can contribute to their organisation's competitive advantage in a volatile market while ensuring compliance with industry regulations and standards.

Participants will engage in practical exercises that simulate real-world procurement scenarios, enabling them to develop strategic sourcing plans, evaluate supplier performance, and implement risk management strategies. They will also learn to communicate effectively with stakeholders to align procurement strategies with broader business objectives, ensuring that procurement decisions support overall operational goals. By practising these skills, attendees will be better prepared to make informed decisions that enhance supply chain resilience and drive organisational success. The course emphasises the importance of collaboration across departments, ensuring that procurement strategies are integrated with project management and operational planning.

Workplace challenges

Professional Problems This Course Is Designed to Solve

The programme explores practical approaches to the following challenges. Results depend on how the learning is applied in your organisation.

Difficulty translating subject knowledge into practical workplace decisions.
Inconsistent approaches to the activities covered in the course outline.
Lack of a structured plan for applying and reviewing new skills.

Course methodology

How you will learn.

The course employs a blend of case studies, group discussions, and practical workshops to facilitate learning. Participants will analyse procurement strategies through real-life scenarios, engage in role-playing exercises to negotiate with suppliers, and use analytical tools to assess supplier performance. Outputs will include strategic sourcing plans, supplier evaluation reports, and risk management frameworks, providing tangible evidence of learning and application. This hands-on approach ensures that participants can directly apply their knowledge to their roles, enhancing their capability to manage procurement processes effectively within the oil and gas sector. The integration of collaborative exercises also fosters peer learning and knowledge sharing.

Course objectives

What you'll take away.

By the end of this course, participants will be able to:

Analyse procurement strategies specific to the oil and gas industry to identify best practices.
Evaluate supplier performance using key performance indicators (KPIs) relevant to oil and gas.
Design a strategic sourcing plan that addresses industry-specific challenges and opportunities.
Assess risks in the supply chain and develop effective mitigation strategies for procurement.
Construct a supplier relationship management framework tailored to the complexities of oil and gas.
Justify procurement decisions based on comprehensive market analysis and supplier capabilities.
Implement stakeholder engagement strategies in procurement processes to ensure alignment with business goals.

Target audience

Who should attend.

This course is suitable for:

Procurement Managers in Oil and Gas
Supply Chain Analysts
Contract Managers
Operations Managers
Business Development Executives

Target competencies

Capabilities you will build.

Participants will develop competencies in:

Strategic sourcing and procurement planning
Supplier performance management and evaluation
Risk assessment and mitigation in procurement
Negotiation and contract management skills
Supply chain optimisation techniques
Stakeholder engagement and communication strategies

Course outline

Your learning journey.

A focused, practical outline with time to explore, apply and reflect.

Day 1Understanding the Oil and Gas Supply Chain

Applied activity: Participants will analyse a case study of a recent oil and gas project, identifying procurement challenges and opportunities for improvement. They will discuss how these challenges could be addressed through strategic procurement practices and stakeholder collaboration.

Output: A report summarising key challenges, proposed procurement strategies, and stakeholder engagement recommendations.

09:00–09:54Overview of the oil and gas supply chain and its complexities, including upstream and downstream processes
09:54–10:48Key procurement challenges in the industry, including price volatility and supply disruptions
10:48–11:00Role of procurement in ensuring project success, compliance, and sustainability
11:00–11:30Coffee break
11:30–12:12Role of procurement in ensuring project success, compliance, and sustainability (continued)
12:12–13:06Regulatory and compliance considerations affecting procurement practices in oil and gas
13:06–14:00Market dynamics and their impact on procurement strategies and supplier selection

Day 2Strategic Sourcing in Oil and Gas

Applied activity: Participants will work in groups to develop a strategic sourcing plan for a fictional oil and gas project, considering market conditions, supplier capabilities, and risk factors. They will present their plans to the class for feedback and discussion.

Output: A comprehensive strategic sourcing plan document that includes supplier selection criteria and risk management considerations.

09:00–09:54Defining strategic sourcing in the context of oil and gas operations and project requirements
09:54–10:48Steps in the strategic sourcing process tailored to the industry, including supplier identification and evaluation
10:48–11:00Tools for market analysis and supplier selection specific to oil and gas procurement
11:00–11:30Coffee break
11:30–12:12Tools for market analysis and supplier selection specific to oil and gas procurement (continued)
12:12–13:06Developing sourcing strategies for complex projects, including cost analysis and risk assessment
13:06–14:00Aligning sourcing strategies with business objectives and stakeholder needs to ensure project alignment

Day 3Supplier Performance Management

Applied activity: Participants will create a supplier scorecard for a selected supplier, incorporating KPIs relevant to the oil and gas sector. They will discuss how to use this scorecard to drive supplier performance improvements and manage expectations.

Output: A completed supplier scorecard template that outlines performance metrics and improvement strategies.

09:00–09:54Establishing key performance indicators (KPIs) relevant to oil and gas suppliers, focusing on quality and delivery
09:54–10:48Methods for evaluating supplier performance and compliance with contractual obligations
10:48–11:00Creating supplier scorecards to track performance metrics and improvement areas
11:00–11:30Coffee break
11:30–12:12Creating supplier scorecards to track performance metrics and improvement areas (continued)
12:12–13:06Continuous improvement processes for supplier management, including feedback loops and audits
13:06–14:00Building effective supplier relationships and communication channels to foster collaboration

Day 4Risk Management in Procurement

Applied activity: Participants will conduct a risk assessment for a procurement scenario in the oil and gas industry, identifying potential risks and proposing mitigation strategies. They will present their findings to the group for discussion and refinement.

Output: A risk assessment report with identified risks, mitigation plans, and recommendations for ongoing monitoring.

09:00–09:54Identifying risks in the oil and gas supply chain and procurement processes, including geopolitical and environmental factors
09:54–10:48Risk assessment frameworks and tools for the industry, focusing on qualitative and quantitative analysis
10:48–11:00Developing risk mitigation strategies for procurement decisions, including contingency planning
11:00–11:30Coffee break
11:30–12:12Developing risk mitigation strategies for procurement decisions, including contingency planning (continued)
12:12–13:06Case studies of procurement failures in oil and gas and lessons learned for future practices
13:06–14:00Integrating risk management into the procurement process to enhance decision-making

Day 5Integrated Procurement Strategy Development

Applied activity: Participants will collaborate to create an integrated procurement strategy for a comprehensive oil and gas project, incorporating all elements learned throughout the course. They will present their strategy to the class for peer review and feedback.

Output: An integrated procurement strategy document that outlines sourcing, performance metrics, risk management, and stakeholder engagement.

09:00–09:54Combining sourcing, performance, and risk management into a cohesive procurement strategy
09:54–10:48Stakeholder engagement in procurement decisions and strategy implementation to ensure buy-in
10:48–11:00Implementing procurement strategies across the supply chain effectively, considering logistics and operations
11:00–11:30Coffee break
11:30–12:12Implementing procurement strategies across the supply chain effectively, considering logistics and operations (continued)
12:12–13:06Measuring success and impact of procurement strategies on business outcomes and project delivery
13:06–14:00Future trends in oil and gas procurement and supply management, including digital transformation and sustainability

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Dates & venues

Find a session that works for you.

Confirmed dates accept registration requests. Tentative dates are enquiry only.

Good to know

A few things to know.

How is the course delivered?

Our classroom programmes combine facilitated discussion, case studies, exercises and reflection. The precise format will be confirmed before enrolment.

Can you deliver this programme for our team?

Yes, you can enquire about a tailored programme. Share your goals, group size and preferred dates with our learning team.

Will I receive a certificate?

Participants who complete the programme receive a Smart Horizon certificate of attendance. Smart Horizon programmes are not externally accredited and do not award a professional qualification, licence or designation. Where a course title or outline refers to a professional certification (for example, AACE International's Certified Cost Professional), the programme supports learning and preparation only; the credential itself is awarded solely by the relevant professional body under its own application and examination requirements.

What should I confirm before booking travel?

Please confirm the session, exact venue, accessibility arrangements, fees and any visa requirements with the team before arranging travel. Tentative dates are not confirmed sessions.

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