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

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

From BBC • Apr. 8, 2024

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 • Jan. 23, 2023

The WTO's main body the General Council met on Thursday behind closed-doors for a "stocktaking" session before the conference.

From Reuters • Jun. 7, 2022

A stocktaking plenary with Cop26 president Alok Sharma is due to start at 12pm, where we’ll find out how countries feel about the draft text published this morning and what changes they want to see.

From The Guardian • Nov. 13, 2021

After a short stocktaking of the whole scene, I turned and wallowed my way back to the farm.

From Bullets & Billets by Bairnsfather, Bruce