This 5-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 as three inter-related modules for inventory management, warehousing and investment recovery.

Upon the successful completion of this course, participants will be 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 

This course is intended for maintenance, materials and project personnel such as project managers, 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, and manufacturing managers.

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;

• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

• Setting comprehensive inventory goals & 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
• Setting up an investment recovery program
• Preventing and reducing surplus materials
• Understanding Investment recovery techniques
• Using the disposition value chain for investment recovery

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.