Some companies buy expensive capital equipment abroad. For example, many colour offset printing presses are manufactured in Germany and Japan. A fixed order price for a piece of expensive equipment could inflate substantially through foreign exchange by its date of delivery. A supplier will not likely discount its price to offset your foreign exchange loss. As outsourcing becomes more common, operations can contain many different areas of foreign exchange risk.
Distribution is a prime example.
A company may outsource warehousing and distribution to a contractor in a US city central to its American market. The arrangement is vital, and it is payable in US dollars. Look carefully at all operations services such as telecommunications, travel and even professional fees. In rare cases, a company might use financing that requires payment of interest in a foreign currency. A more likely scenario is a leasing arrangement, especially where a foreign vendor has agreed to finance the purchase of equipment.