Stocktaking

Stocktaking,

Definition of Stocktaking:

  1. The action or process of recording the amount of stock held by a business.

  2. Physical verification of the quantities and condition of items held in an inventory, as a basis for accurate inventory audit and valuation.

How to use Stocktaking in a sentence?

  1. The store is closed for stocktaking.

Meaning of Stocktaking & Stocktaking Definition