1. As a manager, you must choose between two inventory management software packages. One is a stand-alone package that only manages inventory. It allows users to define their own reports without much training. The other requires a professional programmer for new reports, but it is part of an ERP system that can handle much more than inventory management. Describe how you would choose between the two packages.

2. Mando’s inventory at the end of 2011 was valued at approximately$300million.Considerasmallbicyclestore whose inventory is valued at $30,000, about 1/10,000 of Mando’s figure. In what ways are its inventory reporting needs similar? In what ways are they different?