Inventory control is a subset of inventory management, focused specifically on managing stock that is currently being held in storage. Inventory control is designed to ensure efficient storage and organization of said stock, reducing the time and cost investment associated with controlling inventory.
Inventory management comes long before inventory control, incorporating every aspect of inventory, including manufacturing, supply chains, fulfillment, sales, and reporting. As such, having reliable inventory management in place is essentially a prerequisite for effective inventory control.