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Discuss why it is important for an organization's supply chain to include the management of their data and financial strategies by answering the following questions:

Discuss why it is important for an organization's supply chain to include the management of their data and financial strategies by answering the following questions:

  • What types of supply chain tools help a company collect data? Please describe two types of tools.
  • How does supply chain management help a company to improve efficiency and effectiveness?
  • How does contract bidding improve a company's financial outcome?
  • Why is forecasting demand important?

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