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What (who) is stocktaking - definition
stocktaking
PHYSICAL VERIFICATION OF THE QUANTITIES AND CONDITION OF ITEMS HELD IN AN INVENTORY OR WAREHOUSE
Stocktaking; Inventory checking; Stocktake; Stock-take
Stocktaking is the activity of counting and checking all the goods that a shop or business has. (BUSINESS)
N-UNCOUNT
stocktaking
PHYSICAL VERIFICATION OF THE QUANTITIES AND CONDITION OF ITEMS HELD IN AN INVENTORY OR WAREHOUSE
Stocktaking; Inventory checking; Stocktake; Stock-take
¦ noun the action or process of recording the amount of stock held by a business.
Derivatives
stocktake noun & verb
stocktaker noun
Stock-taking
PHYSICAL VERIFICATION OF THE QUANTITIES AND CONDITION OF ITEMS HELD IN AN INVENTORY OR WAREHOUSE
Stocktaking; Inventory checking; Stocktake; Stock-take
Stock-taking or "inventory checking" or "wall-to-wall" is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock.
Examples of use of stocktaking
1. "We continue to support the CTC in carrying out flexible types of visits to Member States and its planned stocktaking exercise based on the preliminary implementation assessments (PIAs)," said the Vietnamese delegate.
2. "The present conference must be an occasion for careful and honest stocktaking assessing how far we have come ... and what further we can do," Indian Prime Minister Manmohan Singh said.
3. This year, the Rosh Hashanah holiday and the "Days of Awe" that follow come at a time of endings and beginnings both in Israel and worldwide, and with them, attempts at making amends and stocktaking.
4. The committees will be the forum for the regular stocktaking on progress towards targets that Mr Blair has previously undertaken in the Cabinet room with departments and his own policy advisers.
5. "We need to change our policies and budgets to reflect" this evolution, "and the UN meeting is a major opportunity to do just that." Five years after the last major international stocktaking of AIDS – and 25 years after researchers first diagnosed an emerging global health challenge – the world has reached an uneasy consensus on the need for more and better AIDS prevention and treatment programs.