UNIVERSITY OF PANAMA

FACULTY OF BUSINESS ADMINISTRATION AND ACCOUNTING

LOGISTICS AN12L

ENGLISH 204

ENGLISH PROJECT

STRATEGIC SOURCING IN PROCUREMENT

BY:
JULIAN SANCHEZ

PRESENTED TO:
PROFFESOR PEDRO VANELA

I.

Write 10 phrases from

page 27

1. Strategic sourcing is used to consider the total cost of

purchasing, transport, support, maintenance, and
disposal.
2. In the past few years strategic sourcing has become a
frequently used approach in this context.
3. In a Strategic sourcing process other costs are examined
as well e.g. the cost of purchasing, transport, support,
maintenance, and disposal
4. And many of them are realizing that eff ective
procurement can produce costs...
5. Most companies and governments today are under
increasing pressure to operate more effi ciently.
6. Leading companies have realized how they can benefi t
from strategic sourcing
7. And fi nding out what kind of supplier relationships are
necessary to help achieve the company goals
8. To put it, simple, it means that companies are adopting
a new strategy how they buy services and products
9. Strategy sourcing is a systematic process of analyzing
expenditures, internal and external infl uences
10.
In the past, many purchasing managers neglected
the fact that low purchase cost does not necessarily
mean low total cost.

II.

Write 5 sentences

1)

In this new age the strategic sourcing are innovating the global
world.
The influence of this tool is used to reduce costs and increase
productivity.
In my company I decide examined the cost of expenses using
the strategic sourcing process.
I adopted this strategic sourcing with the purpose of become
my company more truthful.
My company goals are become a experts using the strategic
sourcing to success.

2)
3)
4)
5)

III. Write the definition

Logistics: is the management of the flow of resources between the
point of origin and the point of consumption in order to meet some
requirements, for example, of customers or corporations.
Container: The arrangement of shipping containers within a vessel or
transport mode. A logistics plan may include the order in which
containers must be loaded, along with the cargo handling and freight
securing instructions.
Storage: Non-transitory, semi-permanent or long-term, containment,
holding, leaving, or placement of goods or materials, usually with the
intention of retrieving them at a later time. It does not include the
interim accumulation of a limited amount during processing,
maintenance, or repair.
Support: Activity or function that supports the day-to-day operations
of an organization, such as accounting, communications,
maintenance, sales.

Delivery: Formal and voluntary transfer of possession by actual

(physical) delivery, constructive delivery (by an agreement or
understanding), or symbolic delivery (by documents) Also called
presentation or presentment.
Activities: required or undertaken to conserve as nearly, and as long,
as possible the original condition of an asset or resource while
compensating for normal wear and tear.

IV. Complete the map

Distributio
n
Warehousi
ng

Maintenan
ce

Procureme
nt

Logisti
cs

Transportio
n

Procureme
nts

Container

purchasing