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

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

From BBC • Jan. 9, 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

Is the patient, persistent, stocktaking act of rapping itself still helping him reassemble his life?

From Washington Post • Mar. 23, 2021

This conclusion was the result of the stocktaking of their assets for self-defense which the Entente Powers had to make when confronted with the growing organization for war of the Central Powers.

From Before the War by Haldane, R. B. Haldane (Richard Burdon Haldane), Viscount