What are the process of inventory management in multinational company?

Inventory management in a multinational company involves several key processes, including demand forecasting, procurement, warehousing, and distribution. First, demand forecasting leverages data analytics to predict product needs across various regions. Next, procurement involves sourcing materials and products from global suppliers while managing costs and quality. Finally, effective warehousing and distribution ensure timely delivery to different markets, necessitating coordination across international supply chains and compliance with local regulations.