Research On Procurement Management Optimization Of HG Oil Company

Since 2014,oil prices have continued to fall due to factors such as energy transition and the international trend.Since 2020,the COVID-19 and geographical factors that have swept the world have aggravated the precipitous decline in international oil prices,bringing severe challenges to the production and operation of global oil companies.Most oil companies choose to optimize their management models and adapt to changing market conditions to survive the oil price winter.As a key link affecting enterprise costs,procurement management needs to be analyzed and optimized.By creating a collaborative procurement management environment that becomes a "profit center" for value creation and efficiency,we can enhance competitiveness.This paper takes HG Oil Company as an example to analyze and study procurement management.Considering the basic theory and practical significance of procurement management and supply chain management,combined with the background of the petroleum industry,analyze and identify problems from the aspects of demand,procurement,suppliers,warehousing and logistics,and information systems.Through the analysis of modern management concepts,the key links are straightened out.Increase the granularity of demand management and clarify the division of labor;Procurement management extends to both ends of supply and demand to control costs;Emphasize the importance of material management and reduce inventory;Strengthen the dynamic monitoring of suppliers and carry out full life cycle management.Mobilize the product flow,information flow and value flow related to the company’s supply and demand chain,and optimize the procurement management mode toward standardization and intensification,and create value.