Effective Materials Management - SC-42
This three-day course 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 under three inter-related modules - inventory management, warehousing, and investment recovery.
Who should attend?
Professional and management personnel who have responsibility for materials, spare parts, and supplies needed to support any refinery, gas plant, onshore/offshore production, or other industry operations.
PetroSkills - World's No. 1 Training Provider for the Oil & Gas Industry
PetroSkills is the leading professional education provider for the Petroleum Industry, with the largest classroom training portfolio for technical and management operations in this sector. In North America, PetroSkills' programs are delivered at important business hubs for the industry, around...
How to provide better customer service for long lead or critical materials and spare parts essential to the success of any well field operation, offshore platform, refinery, gas plant, or chemical processing facility
How to establish the best methods of inventory analysis and create performance measures for min/max and order point systems
How to use supplier stocking programs, consigned inventory, and integrated supply agreements
How inventory systems use forecasting techniques and what can be done to improve them
How to improve warehousing efficiency, layout, and space utilization for better inventory management
How to improve inventory record accuracy and physical control of materials to lower inventory levels and increase space utilization
Best practices used to manage surplus or inactive assets and increase investment recovery dollars
Training Course Content
Setting comprehensive inventory goals and objectives
Understanding carrying costs and economic order quantity theory
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
Preventing and reducing surplus materials
Understanding investment recovery techniques
Using the disposition value chain for investment recovery
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