Whiteboard Wednesday: What Is Inventory Control?

In an earlier episode of Fishbowl’s Whiteboard Wednesday, Kirk Tanner answered the question: What is inventory management? Well, now James Shores is here to answer the equally important question: What is inventory control? Believe it or not, inventory management is not the same as inventory control. I wrote extensively about the difference between the two in this article, simple entitled “Inventory Control.” Inventory control involves tracking your items, inventory counts, and generating reports to help you cut costs, increase inventory turnover, and save money. There’s quite a bit more to it than this brief overview, so I’ll let James explain the rest in this week’s episode of Whiteboard Wednesday!