Stocktake (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 decided to conduct a regular stocktake to ensure their inventory levels were accurate.
- The store manager noticed discrepancies during the stocktake and immediately began to investigate.
- A thorough stocktake should involve more than just counting the physical stock on hand.
- The business often scheduled a physical stocktake during its annual financial audit to verify inventory values.
- The financial team was unable to complete the required yearly stocktake, due to inventory software issues.