Managing Inventory-Answer 2 questions/1 paragraph

Answer the following questions about managing inventory:
1. Discuss or explain how a manager at a local business might control or keep up with their inventory.
2. What type of formal or informal system might they use and how would they determine inventory-related costs?
**1 PARAGRAPH TOTAL.
**PLAGIARISM WILL NOT BE ACCEPTED!
**CITE YOUR SOURCE.
 
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