stocktaking

American  

[stok-tey-king] / ˈstɒkˌteɪ kɪŋ /

noun

1. the examination or counting over of materials or goods on hand, as in a stockroom or store.

2. the act of appraising a present situation, condition, degree of progress, etc., in terms of accomplishments and ultimate goals.

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stocktaking British  

/ ˈstɒkˌteɪkɪŋ /

noun

1. the examination, counting, and valuing of goods on hand in a shop or business

2. a reassessment of one's current situation, progress, prospects, etc

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Etymology

Origin of stocktaking

First recorded in 1855–60; stock + taking

Example Sentences

Japanese company Fujitsu developed the Horizon system for tasks such as accounting and stocktaking and it was introduced by the Post Office in 1999.

From BBC

Horizon was developed by the Japanese company Fujitsu, for tasks such as accounting and stocktaking.

From BBC

Ultimately this element of the project was dropped and the system was rolled out in 1999 for tasks like accounting and stocktaking instead.

From BBC

The system was developed by the Japanese company Fujitsu for tasks like accounting and stocktaking.

From BBC

The report is the fifth annual stocktaking on food insecurity and hunger by U.N. agencies including the FAO, UNICEF, World Health Organization and World Food Program.

From Seattle Times