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Philip is a procurement manager at XYZ Company which imports raw materials from abroad.

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Philip is a procurement manager at XYZ Company which imports raw materials from abroad. Sup-pliers provide quotes to Philip in their local currency. Is this the best way to reduce the risk to XYZ Company of currency fluctuations?

A.

yes- this means the price won't go up or down

B.

yes- this puts the risk on the supplier

C.

no- quoting in the supplier's currency increases the risk for the buyer

D.

no- quoting in the supplier's currency does not affect the risk to the buying organisation

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