Although inventory control and inventory management are both important parts of the goods manufacturing and distribution process, they have key differences.  Inventory management is the process of forecasting and replenishing inventory, whereas inventory control is a method specifically used to regulate the inventory levels within a companyʻs warehouse.  In other words, the scope of inventory control is much smaller than inventory management since the latter includes maintaining supplier relationships and responding to customer demand. Inventory control mainly focuses on how many products are being stocked and whether or not the goods are in usable condition.