Company selected to be the exclusive provider of a suite of Web-based global trade systems that will power OilChina.com, CNPC's new e-commerce engine. OilChina.com will enable CNPC to manage its procurement process, reduce costs, increase supply chain visibility, and optimize communications between CNPC and its global supplier base.
Review and assess the capital investment plan/proposal to build and onboard OilChina clients to the eCommerce portal.
Analyzed the technology stack and compared to leading commerce portal service providers. Documented the feasibility of processes given the migration of China businesses to WTO quality, accounting and contracting standards. Determined cost/benefit on the Buy v. Built matrix (Internal built, Contracted built, Bought and Integrated).
Company internally funded one-third (33%) of original budget to adapt existing platforms. They saved $17M USD on reduced budget. Transactions occur 14 months earlier than original schedule. Total savings in time & money are 65% of original planned budget and a total of 2 years scheduled time.
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