8. International Inventory Management

International Inventory Management involves overseeing the stock of goods across different countries to ensure efficient production and distribution. It focuses on balancing supply and demand, minimizing costs, and maximizing service levels in a global context. This includes decisions about how much inventory to keep, where to store it, and how to transport it, considering factors like local regulations, shipping times, and varying customer needs. Effective management helps companies respond quickly to market changes while avoiding excess stock or shortages, ultimately supporting their overall operational efficiency and profitability in international markets.