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Why is forecasting demand important

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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.

-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?

Reference no: EM132691833

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