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Based on the analysis of the status quo of China Petroleum \u0026 Chemical Corporation Project Procurement, combining the basic theory of project procurement cost control, cost structure and control method for in petrochemical project procurement status, proposed procurement cost control deficiencies. This paper presents a cost-control node, focus control link, international procurement costs constitute and corresponding cost control methods and measures. Control key points - control material supply plan, control prices and costs, the control of transportation costs, control the cost of procurement management, control, inspection costs, control storage costs, control time cost control shortage cost eight key to control node that out of the corresponding control method. With the recent years, Sinopec actively adjust the internal industrial structure, optimize the allocation of resources, and the phasing out backward production capacity, increasing the renovation, expansion and create a new group of world-class technology, first-class equipment, large-scale projects, often for international procurement. Proposed procurement management, supplier management is a top priority, and then summarize the contents of the Sinopec supplier management principles, access procedures, assessment criteria on the basis of the analysis of the international procurement cost and impact factors. In this paper, the procurement of the enterprise is no longer the kind of procurement, but the process of supplier management. Sinopec international procurement projects in particular, strengthen the management of suppliers, can effectively circumvent the transfer of exchange rate risk, reduce capital accumulation, control capital risk to protect the delivery time, reduce travel costs, reduce inventory costs, control the cost of procurement management etc., thereby enabling to effectively reduce the total cost of international procurement. And the Tianjin the essence petrochemical company FFS film packaging project as an example to demonstrate the effectiveness of supplier management in the purchasing cost control. The final formation of the article conclusions and outlook for the future research work: 1, from project procurement cost control theory, based on an analysis of the petrochemical project procurement status the proposed procurement cost control deficiencies. 2, for the lack of cost control node, international procurement cost control and strengthen the management of suppliers angle separately proposed countermeasures to control costs, explore the establishment of a long-term cost control mechanism. 3, by an example, so combining theory and practice to provide a realistic case in petrochemical projects for future international procurement cost control.
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