Strategic Sourcing for the Oil & Gas Industry

Jan | Feb | Mar 2022
5 Days
Online Live | Onsite


Procurement in the Oil and Gas industry has always faced particular challenges. With the background of volatile oil and gas prices, marginal oilfields, extreme locations and new global business trends, the oil and gas industry is forced to seek better solutions to overcome these challenges. Procurement Leaders need to think about the sourcing strategies they employ to maximize the value they bring to their organizations.

This highly-interactive training course has been specifically designed to focus procurement professionals on the many benefits of utilizing and working to a comprehensive strategic sourcing policy that encompasses real value for money; and highlights why the strategic sourcing approach allows procurement professionals to consolidate purchasing power in order to secure the best value available in the marketplace.


  • By the end of this training course, participants will be able to: 
  • • Gain stakeholder involvement and buy-in
  • • Comprehensively understand both internal needs and the external supply market
  • • Understand the Total Cost of Ownership (TCO)
  • • Build effective RFIs and RFPs
  • • Develop the right sourcing strategy to achieve tangible results


This training course is designed for anyone involved in the sourcing process, particularly those who want to be able to define and quantify value to the business, and support it through analysis and understanding.
This course is suitable to a wide range of professionals but will greatly benefit:

• Procurement Officers
• Contracting Officers
• Supply Chain Professionals
• Program managers
• Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services


• The Importance of Strategic Sourcing in the Oil & Gas industry
• Tactical versus Strategic Sourcing
• Strategic Sourcing Benefits
• Key Steps in a Strategic Sourcing Process
• Developing a Strategic Sourcing Plan

• Organizational Commitment
• Supply Market Understanding
• Total Cost Evaluation
• Modifying Approach Towards Suppliers
• Organizational Role Changes
• Culture / Processes for Continuous Improvement

• Understanding the Business Requirements
• Supplier and Supply Market Research
• Identification of Preferred Supplier(s)
• Supplier Selection Processes
• Supplier Development and the Strategic Sourcing Process

• Major Procurement Challenges in Oil & Gas
• Strategic Cost Management
• Principles of Cost and Value Management
• Understanding the Total Cost of Ownership
• Strategic Analysis and Generating Options
• Analyzing and Mitigating Risks

• The Importance of Supplier Performance Management
• Developing and Maintaining Long-term Supplier Relationships
• Performance Measurement and Evaluation
• Quality Management for Strategic Sourcing
• “Speaking with one voice” to Suppliers


Mark Steele

Mark is certified trainer with 20+ years of experience in gulf and London. He has trained batches, corporates, individuals and companies from all over the world.

Enroll Now

Fill out this field
Please enter a valid email address.
Fill out this field
Fill out this field

More courses you might like

Learners who joined this course have also enjoyed these courses.

No results found.