stocktaking
IPA: stˈɑkteɪkɪŋ
noun
- the act of taking an inventory of merchandise etc.
- the reappraisal of a situation or of one's prospects
stock-taking
IPA: stˈɑkteɪkɪŋ
Root Word: Stock-taking
noun
- Stock-taking or "inventory checking" or "wall-to-wall" is the physical verification of the quantities and condition of items held in an inventory or warehouse.
Advertisement
Examples of "stocktaking" in Sentences
- The end of the year is a great time for stocktaking to assess our inventory and plan for the upcoming year
- The business owner scheduled a stocktaking session to make sure all products were accurately accounted for
- Stocktaking is essential for retailers to prevent loss from theft and to ensure accurate financial records
- Our warehouse manager is in charge of organizing the stocktaking process to make sure everything is accounted for
- After the stocktaking was complete, it was clear that there were some discrepancies that needed to be investigated
Related Links
synonyms for stocktakingAdvertisement
Advertisement