Recently, at the material supply managementconference organized by Sinopec Group in 2018, the company was awarded thetitle of “Advanced Company for Material Supply Management of Sinopec Group in2017”. Up to now, the company has won this honor for consecutive 8 years.

In 2017, orientated by target management andvaluable procurement and focusing on promotion of ITB management for materialprocurement, the company’s materialsupply system was rooted to improve the efficiency of material procurement via ITBprocess, further standardize contract management, enable cost reduction andefficiency enhancement for material procurement in a sustainable manner,actively promote the establishment of centralized ERP systems, continuouslyimprove the management capabilities andprofessional skills for material procurement, so as to ensure that thematerials required for production and operation can be supplied in a safe,timely and cost-efficient manner.