What is the difference between inventory accuracy and inventory control?

• A. Inventory accuracy is the speed of updates; inventory control is physical safeguarding.
• B. Inventory accuracy is the correctness of records versus physical counts; inventory control is the system of processes to maintain accuracy and accountability.
• C. Inventory accuracy and inventory control are synonyms.
• D. Inventory accuracy refers to financial value; inventory control to asset movement.

Answer: (B)

The important difference is between how accurate your data is and how you manage and enforce that accuracy. Inventory accuracy measures whether the records correctly reflect what is actually on hand—the match between the asset records and the physical counts. Inventory control is the system of policies, procedures, and processes that you use to keep those records accurate and to hold people and operations accountable for asset stewardship. So, accuracy is about the correctness of data; control is about the mechanisms that maintain that correctness and accountability over time. The other options mix up speed, safeguarding alone, treating the terms as synonyms, or tying accuracy to financial value or asset movement, which isn’t what these concepts describe.