Difference Between Inventory Control and Inventory Management

Key Difference – Inventory Control vs Inventory Management

库存控制和库存管理之间的关键区别在于存货control is a method of regulating the inventory level in the company warehousewhereas库存管理是指预测和补充库存的活动，该活动的重点是何时订购库存，订购多少库存以及从谁订购。Inventory control and inventory management play a key role in manufacturing and distribution companies since they deal with a significant amount of inventory. Companies should always have appropriate levels of inventory in order to meet customer demands.

内容
1.Overview and Key Difference
2.What is Inventory Control
3.What is Inventory Management
4.Side by Side Comparison – Inventory Control vs Inventory Management
5。概括

什么是库存控制？

库存控制是一种调节的方法存货level in the company warehouse. This includes ensuring that no stock out situations will be experienced and what and how much items are being stocked. Further, inventory control should ensure that all items remain in usable condition. Maintaining inventory is expensive due to storage and insurance costs. Below measures can be adopted to ensure an effective inventory control system.

Using Inventory Budgets

Inventory budgets can be used to calculate the cost of acquiring and holding inventory and how much revenue can be generated through the sale of finished goods. This type of budget helps the company to plan inventory effectively.

Establishing Annual Stock Policy

定义每个库存类别（原材料，正在进行的工作和成品）的最低和最高库存水平，以及suppliers公司将购买商品可以使股票控制有效。此外，应保持足够的缓冲库存（安全库存），以防止库存。

维护永久库存系统

Perpetual inventory system是考虑出售或购买后立即增加库存的增加或减少的一种方法。该系统可以连续跟踪库存余额，并通过立即报告提供库存变化的完整详细信息。永久库存系统的主要优点是，它证明了在任何给定时间点可用的库存，并防止库存出现。

What is Inventory Management?

Inventory management refers to the activity of forecasting and replenishing inventory which is focused on when to order the inventory, how much to order and from whom to order.

当订单吗?

This is determined by the ‘reorder level’ or ‘reorder point’. It is the inventory level at which a company would place a new order for products.

重新订购水平计算为

Reorder Level = Average Daily Usage Rate x Lead Time in Days

E.g. XYZ Company is a manufacturing firm that has an average daily usage rate of material is 145 units and the lead time is 8 days. Thus,

Reorder level = 145* 8 = 1,160 units

When the inventory level reaches 1,160 units, the new order for raw materials should be placed.

How Much to Order?

应订购的产品数量将在最终确定重新订购级别的决定时决定要订购多少新库存的决定。同样称为'经济秩序数量’ where the number of units that should be ordered that minimizes total inventory cost.

Economic Order Quantity = SQRT (2 × Quantity × Cost per Order / Carrying Cost per Order)

Continuing from the above example,

E.g. XYZ Company uses a quantity of 22,500 units of raw materials per annum. Its cost per order is $340 with a carrying cost per order is $20. Thus,

经济顺序数量= SQRT（2×22,500×340 /20）= 875单位

From Whom to Order?

为了获得最合适的供应商，需要进行严格和透明的政策，以获取最适合的供应商，他们将按时按时交付优质的商品。

通过确保在正确的时间提供正确的库存，公司可以以平稳的方式继续运营。库存周转率是一个重要的比率，表明库存的移动（更换库存的次数）；较高的比率表明库存管理符合需求。

库存控制与库存管理之间的关键区别是什么？

Inventory Control vs Inventory Management
库存控制是一种调节的方法存货level in the company warehouse.	Inventory management refers to the activity of forecasting and replenishing inventory which is focused on when to order the inventory, how much to order and from whom to order.
范围
The scope of inventory control is smaller compared to inventory management.	Inventory management represents a higher scope since effective relationships with suppliers should be maintained.
Main Purpose
Main purpose of inventory control is to acknowledge what and how much products are being stocked and to ensure whether the goods are in usable condition.	Main purpose of inventory management is to be responsive towards demand and manage external relationships with suppliers.

概括– Inventory Control vs Inventory Management

库存控制和库存管理之间的关键区别取决于各个方面分类的各种任务。虽然库存控制与确保仓库中的库存状况良好相关，但库存管理集中于重新排序商品。希望获得更好库存管理的公司应首先改善其库存控制。借助强大的库存控制和管理系统，公司可以将产品接收到没有延迟和库存情况的情况下。

Reference:
1. “Inventory Management vs. Inventory Control.” Inventory System Software Blog. N.p., 29 May 2015. Web. 29 May 2017. .
2. “6 Inventory Control Techniques for Stock Optimization.” EazyStock. N.p., 20 Jan. 2017. Web. 29 May 2017. .
3.“经济订单数量（EOQ） - 库存优化软件。”经济秩序数量（EOQ） - 库存优化软件 - Lokad。N.P.，N.D。网络。2017年5月29日。。

Image Courtesy:
1.原子炸玉米饼的“宜家自助仓库”(CC BY-SA 2.0)viaFlickr