Inlet guide vanes allow flow modulation similar to changing the speed of the fan. While not as efficient as speed change, guide vanes afford lower brake horsepower at the fan when compared to an inlet damper alone at the same air volume.
As Enginerd alluded to, fans with inlet guide vane and dmaper flow control have a different load profile based on percent flow. A guide vane fan is more efficient.
Having said that, where ever you are specifying a flow control device, you should investigate a VSD instead. The VSD will be far more energy efficient, be more reliable, and give better flow control.