Difference between Inventory Management and Inventory Control

1. Difference Difference between between Inventory Inventory Management Management and and Inventory Inventory Control Control Inventory management refers to the actions that deal with the management and maintenance of stock goods. Their purpose revolves around in making sure the goods to be present in the right quantity whenever needed and doesn’t directly affect the overall profits. However, it can be summed up as having the right quantity of inventory and paying for these stocks according to the order quantity. While on the other hand, Inventory control concentrates mostly on the stock that is present in the inventory. It cares about the many goods within its possession and how much of it is present with them. It also overseas the knowledge about where a specific good is placed and everything about the warehouse designs and its storage. So, if you guys are required to maintain your stock then start using the inBOLD Solutions’ online Inventory Control and Management software by just signing up at ☞www.inboldsolutions.com