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Inventory Control
Inventory control tracks and regulates on-hand stock, including quantities, locations, movements and replenishment needs.
Inventory control is the process of tracking and regulating stock already on hand, including its quantities, locations, movements and replenishment needs. It is also called stock control.
In property maintenance, an example is keeping records of repair parts and operating supplies, then comparing recorded quantities with actual counts. Inventory management is broader and includes how stock is obtained and moves through the wider supply process.
Frequently Asked Questions
Is inventory control the same as inventory management?
They overlap, but the cited NetSuite definition distinguishes control of on-hand stock from broader inventory management, which also covers obtaining goods and their final destination.
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