iscuss 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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