Explain the following 1) What are the different types of inventory and how are they used? 2)
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Question:
Explain the following
1) What are the different types of inventory and how are they used?
2) Why is inventory critical to manage for a company?
3) What can happen to a company if they have too much inventory?
4) What can happen to a company if they have too little inventory?
5) What are some of the methods companies can use to manage inventory?
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