Question: What are the major cost categories that you include when estimating a supplier's cost for a manufacturing item? How would you estimate such costs if

What are the major cost categories that you include when estimating a supplier's cost for a manufacturing item? How would you estimate such costs if the supplier is either unwilling or unable to provide a detailed cost breakdown?
What disadvantages does the method of competitive bid process have as a method of price determination? Either give some real world examples from your own experience or research other real world examples.

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