Global and low-cost country (LCC) sourcing Sourcing strategy (e.g.
single vs. multiple sources
volume allocation
% of vendor business
etc.) Strong understanding of commercial factors (e.g.
payment terms
Incoterms
VMI programs
cost reduction agreements
etc.) Quoting processes (e.g.
RFI
RFP
RFQ
reverse auctions
etc.) Supplier negotiations (e.g.
price
lead time
MOQ
communication process
and contract development
etc.) Risk analysis and mitigation strategies (e.g.
geopolitical
regulatory
local currency
etc.) Cross-functional sourcing teams (e.g.
supply chain
quality
engineering
finance) Supplier management (e.g.
supplier scorecards
site visits
etc.) Led productivity and cost-reduction initiatives Managed commodities
including appropriate hedging