stocktaking Definition
the process of making an inventory or summary of merchandise or goods held in stock.
Using stocktaking: Examples
Take a moment to familiarize yourself with how "stocktaking" can be used in various situations through the following examples!
Example
The company is doing a stocktaking to determine how much inventory they have.
Example
The annual stocktaking revealed a discrepancy in the number of items recorded.
Example
The stocktaking process can be time-consuming and tedious.
stocktaking Synonyms and Antonyms
Synonyms for stocktaking
Phrases with stocktaking
Example
Before making any decisions, it's important to take stock of the situation.
a sale where a store sells off its remaining inventory in order to make room for new products
Example
The department store is having a stocktaking sale to clear out their winter inventory.
a document that summarizes the results of a stocktaking
Example
The stocktaking report showed that the company had more inventory than they thought.
Summary: stocktaking in Brief
The term 'stocktaking' [ˈstɒkˌteɪkɪŋ] refers to the process of making an inventory or summary of merchandise or goods held in stock. It is often used in business contexts, such as 'The company is doing a stocktaking to determine how much inventory they have.' 'Stocktaking' can also be used in phrases like 'take stock (of something),' which means to carefully consider a situation or problem before deciding what to do.
