FreezeIT is a big company that sets up refrigeration systems for skating stadiums. It needs a special part for the systems. The procurement manager of FreezeIT finds out that there is only one supplier who makes this part because it has the patent for the technology. Which of the following is right course of action that might help FreezeIT open up the opportunity for new suppliers?
Tom has a job where he manages the stuff that his company needs to supply electricity. His company is not the only one in the country that does this. There are five others that use the same kind of wire. There are only five places that can make the wire they want. They all use the same things and ways to make the wire. They also ask for almost the same amount of money. Tom’s company has to pay 25% extra on moving and setting up the wire after they get it. Tom wants to beat the other electricity companies. How should he deal with the people who make the wire?
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