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Effective Materials Management - SC-42

Training overview
3 days
Classroom / Public

Course description

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.

About supplier


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...

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Average rating 4.7

Based on 3 reviews

Field Engineer
Instructor was very prepared and very knowledgeable.
Sourcing Specialist
Overall - very good intro to inventory and warehouse practices.
Supply Chain Analyst
I appreciated the pace of the course. The exercise materials were beneficial to enhance learnings.


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

Training reviews
Course rating
Based on 3 reviews

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