Project Management

SINOPEC E-Procurement System Project – USTDA Grant

China Petrochemical International Co., Ltd. (Sinopec International) sought to establish an International Procurement/E-Commerce System (IPECS). The purpose of the system was to enable electronic commercial trade between Sinopec International and its trading partners. An FS was needed to determine :

how Sinopec International should invest, organize its business, and train its staff to implement IPECS (strategy) and

what type(s) of e-procurement system(s) Sinopec International should implement and in what stages (technical implementation).

Our consulting team:

1. reviewed and assessed current business procedures and systems in relation to Sinopec International’s company operations and international procurement and trading activities;

2. evaluated different options for investing in e-procurement (design/build, investment partnerships, purchase, leasing, etc.) as well as issues associated with managing the investment/purchase;

3. suggested e-procurement investment methodologies and options that are available in the marketplace;

4. conducted financial analysis including hardware and software to be used in the system;

5. analyzed the legal limitation in both China and United States to develop such a system;

6. prepared a financial plan and an implementation plan for the project;

7. prepared a final feasibility study USTDA and SINOPEC.

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