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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:
What types of supply chain tools help a company collect data? Please describe two types of tools. What tools were available to you in the simulation?
How does supply chain management help a company to improve efficiency and effectiveness? How did you prioritize in order to meet contract dates?
How does contract bidding improve a company’s financial outcome? Are all contracts worth your time bidding on them?
Why is forecasting demand important?
Be sure to include your required references and format your submission in APA format.
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