Inventory Management vs. Inventory Control

Do you know the difference between inventory management and inventory control? Inventory management focuses on getting inventory to the right places at the right times, and inventory control focuses on using that inventory most effectively to keep costs down.

I talked about inventory control in a blog post entitled “4 Inventory Control Methods You Need to Know.” Inventory control is often seen as the practical side of inventory management because it focuses on the time element.

Hockey face-off, Inventory System Software Blog

According to the article “Inventory Management Techniques,” inventory management focuses on three things:

  1. Correct placement of resources.
  2. Quick, inexpensive product reordering.
  3. Efficient product receiving and storage.

Inventory control focuses on these three things:

  1. Cutting purchases of slow-moving products.
  2. Keeping up with changes in demand to avoid overstock.
  3. Avoiding product spoilage by efficiently using inventory.

Both inventory management and inventory control are important parts of businesses’ success. They feed off each other and help each other succeed. If you have strong inventory management and inventory control, you can quickly get the products you need to the locations you need them at and then sell them in a timely manner.

I’ll get into the details of inventory management methods in a later blog post. Be sure to use inventory software to make the processes of inventory management and inventory control easier.

About Robert Lockard

Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks and small business. Fishbowl Inventory is the #1-requested inventory management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies. His favorite movies include Mr. Smith Goes to Washington, Fiddler on the Roof, Back to the Future and Lawrence of Arabia.
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5 Responses to Inventory Management vs. Inventory Control

  1. Janie says:

    Thank you for this article about the differences between Inventory Control and Inventory Management. I found this article very helpful in many ways. I am presently working on a website that is all about bars and am just searching for ideas and advice about doing bar inventory. This article is more than helpful.

  2. iAn says:

    thank you for this information, I’m facing right now a hard time in formulating what is difference between the two, it really helps : )

  3. Queen says:

    This was a very useful piece, its really simple to understand and to apply it with an organisation.
    tnx vry much for sharing

  4. Wouldn’t Inventory Management be having 10 widgets in inventory because company plans and projections and EOQ indicated that 10 was the right quantity to have.
    Inventory control would be keeping track of the 10 so that when you issue four you have six left and maybe the re-order point is set at 2.
    So inventory management looks at the needs going forward were inventory control just lets you know what you have and where you have it at any given time.
    but yes, nice piece it got me thinking….. Than kyou

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