Stocktaking
Pronunciation: /ˈstɑkˈteɪk/
Stocktaking (noun)
- A planned activity where a business counts items it has in storage to check how many are there.
- The process of comparing counted amounts with records to find missing, extra, or damaged goods.
Examples
- The team finished the stocktake before the store opened.
- A stocktake helps you know what you really have in storage.