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Procurement and Inventory Cost-Reduction MethodsAmazon is my chosen company.In this discussion: Explain the commonly used procurement and inventory cost reduction methods for your selected company. Discuss the impact of these cost reductionmethods on suppliers and customers. Discuss the benefits and risks of the selected methods to the company. Explain if your selected company needs to deal with seasonality and how it matches procurement and inventory to address seasonality. For example, if your selected company produces and sells farm equipment, explain how the firm shifts production and/or shipping around the world to balance supply and demand of its products throughout the year.Your initial post must include all the assigned readings and must be a minimum of 250 words in length, with no maximum.13/05/20205businessfinance