☛ Inventory Control is the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply.

☛ It can also be referred as an accounting procedure or system designed to promote efficiency. Or we can say that it assures the implementation of a policy or safeguard assets or avoid fraud and error etc.

In Economics, Inventory Control helps in reducing the overhead cost without hurting sales.

In the field of Loss Prevention, Retail Inventory Control management helps in preventing shoplifting and other issues.