Inventory management is the entire process of tracking stock, right from purchase to stock transfer to inventory. In other words, it's the entire process of getting stock from procurement to customers, not the exception. Although the process may begin with procurement, it typically ends with the transfer of stock from the receiving counter to a warehouse.
Inventory is any stock in a warehouse or inventory facility. It’s a type of stock that has not yet been sold to a customer or has no customer. Inventory is used in a warehouse to hold stock that comes in on one side of the building and goes out on the other side. Inventory also refers to the stock held in the warehouse in addition to the stock held for sale.
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