Supply and Distribution Economics
- London and Home Counties
Non-Member - £2690.00
Member - £2450.00
- Available in-house
- Book now
This 4-day training course is designed for those who are or will be operating in the Supply & Distribution functions and will provide the background knowledge to allow them to make the right decisions on how to supply the network at the right cost.
About this course:
In the chain between an oil rig and a customer lie a number of functions, all of which have an effect on the final margin available to the marketers. When it comes to marketing the finished product, Supply and Distribution (S&D) are the core functions delivering the goods to the right place, at the right time, in the right quantity, and at the right price. This course is designed for those who are or will be operating in the S&D functions and will provide the background knowledge to allow them to make the right decisions on how to supply the network at the right cost. The course will also benefit those involved in functions that interface with S&D and who wish to improve their understanding of their impact on their business.
A brief introduction to refining will be provided for those who are new to the business or who may have forgotten the basics of turning crude into a finished product. This will highlight the strengths and weaknesses of the different refineries and the effect these can have on their output, leading to the need to source products from different locations at different times. Fuel specifications will be reviewed and the impact of differing requirements for different markets discussed. Sourcing products will be examined, whether available from a parent company refinery, purchased on the open-market and stored in third-party facilities, purchased ex-rack, handled on a throughput basis, or exchanged both nationally and internationally.
Primary supply mechanisms, pipelines, ship, rail, or road, are a core function and the options will be reviewed along with the impact they have on the economics of the market and their influence on the layout of the network. Terminal location and network planning will be examined along with the effect of competitor locations, exchange opportunities, and environmental considerations and legislation.
During a visit* to Vopak Thames Terminal, London facility, the course will consider the substantial influence terminal design: tank numbers and capacity, loading rack configuration, staffing levels, safety issues, and training, has on the efficiency of operations. The final link in the chain is the transport operation where in-house operations compete with contract haulage. The overall effect of the network and its impact on routing, load optimization, and backhauling operations will be discussed, as well as the benefits of multi-shift delivery patterns. The course will also review benchmarking techniques allowing you to assess how you are performing against your competitors and where opportunities exist for improvement. The subject will be considered from a national and international perspective.
Who should take this course?
• Logistics and distribution personnel, contractors, managers with network planning, supply and transportation responsibilities
• Marketing managers and planners
• Supply, logistics, and distribution analysts
• Major oil companies’ personnel with strategic or operational roles
• Finance and performance measurement managers
12, 14, 19 and 21 October 2021
- Training Team
- +44 (0)20 7467 7178