Stock-take (Noun)
Meaning
An instance of stocktaking; "the auditor did not attend the stocktake or check the valuations".
Classification
Nouns denoting acts or actions.
Examples
- The company conducts a stock-take every quarter to ensure accurate inventory levels.
- The auditor did not attend the stocktake or check the valuations, which raised concerns about the accuracy of the financial reports.
- The store manager scheduled a stock-take for the weekend to reconcile the inventory discrepancies.
- The stocktake revealed a significant shortage of raw materials, which impacted production for the next month.
- The annual stocktake is a crucial process for the business to identify areas for cost reduction and process improvement.