3. Multinational Inventory Control

Multinational Inventory Control refers to how companies manage their stock and supplies across different countries. This involves balancing inventory levels to meet local demands while optimizing costs and resources. Companies need to consider factors like varying regulations, cultural differences, and logistics in each country. Effective inventory control helps avoid shortages or excess stock, ensuring products are available where needed without wasting money. By monitoring and adjusting their inventory strategies globally, businesses can improve efficiency, customer satisfaction, and overall profitability.