A supplier refuses to provide a lsquofixed pricersquo for a


A supplier refuses to provide a ‘fixed price’ for a piece of equipment. They insist on an ‘ROM’ (Rough Order of Magnitude) price that will be finalised when the equipment has been manufactured. How would you plan this negotiation? Please give as many details as possible. Make it a 200 word post at least.

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Operation Management: A supplier refuses to provide a lsquofixed pricersquo for a
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