What is another word for stocktaking?

Pronunciation: [stˈɒkte͡ɪkɪŋ] (IPA)

Stocktaking is a process of analyzing and evaluating the inventory of a business. It is usually done at the end of a financial year to update the financial records of the business. In other words, it is a systematic check of all the inventory held by an organization. Some common synonyms for the word "stocktaking" include inventory audit, physical inventory, stock count, and stock check. Other synonyms include stock assessment, inventory management, stock evaluation, and inventory control. Regardless of the term used, stocktaking is an essential part of business management and helps ensure that all inventory is accounted for and recorded correctly in a company's financial statements.

What are the paraphrases for Stocktaking?

Paraphrases are restatements of text or speech using different words and phrasing to convey the same meaning.
Paraphrases are highlighted according to their relevancy:
- highest relevancy
- medium relevancy
- lowest relevancy

What are the hypernyms for Stocktaking?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Usage examples for Stocktaking

Then you won't be staying on, Albert, to do the stocktaking in the Workhouse?
"Three Plays"
Padraic Colum
I said he seemed in a bit of a hurry to start stocktaking before the poor thing was buried; but anyhow, I went, and we took stock, and he counted his cash, and asked me to lock the place up if anything happened to him.
"By Reef and Palm"
Louis Becke
Kep' the books too; we was always stocktaking.
"A Diary Without Dates"
Enid Bagnold

Word of the Day

Pyrrolidonecarboxylic Acid
Pyrrolidonecarboxylic acid, commonly known as PCA, is a chemical compound frequently utilized in various industries. However, it is beneficial to be aware of alternative names or s...