Stocktaking (Noun)
Meaning 1
Making an itemized list of merchandise or supplies on hand; "an inventory may be necessary to see if anything is missing"; "they held an inventory every month".
Classification
Nouns denoting acts or actions.
Examples
- The annual stocktaking revealed discrepancies in the store's inventory levels.
- The company is conducting a thorough stocktaking after the recent warehouse theft.
- As part of the accounting process, regular stocktaking was required to ensure the accuracy of financial reports.
- At the end of every quarter, the warehouse manager performs a stocktaking to identify slow-moving items.
- The retail chain initiated a nationwide stocktaking to implement its new inventory management system.
Synonyms
Hypernyms
Hyponyms
Meaning 2
Reappraisal of a situation or position or outlook.
Classification
Nouns denoting cognitive processes and contents.
Examples
- After the breakup, she took time for stocktaking, reevaluating her priorities and goals in life.
- The company's financial struggles prompted a period of stocktaking, leading to a major overhaul of their business strategy.
- The politician's scandal led to a national stocktaking, forcing citizens to reexamine their values and expectations from leaders.
- The midlife crisis triggered a period of stocktaking, causing him to question his career choices and life decisions.
- The environmental disaster prompted a global stocktaking, forcing governments and corporations to reassess their sustainability policies.