Definitions for "Stocktaking"
Keywords:  merchandise, count, tally, slack, held
A physical count of products actually held in stock as a basis for verification of the stock records and accounts.
making an itemized list of merchandise or supplies on hand; "the inventory took two days"
The physical count of products actually held in stock, involving a specific number of storage spaces and carried out at optional days during the fiscal year. Benefits: activities not concentrated on a single day but spreading over the entire year (improved division of warehouse labor). Stocktaking operations can be started in slack periods. With stocktaking operation carried out on a continuous basis, up-to-date information about whether stored stocks and book stocks tally is continually available.
reappraisal of a situation or position or outlook
Appraising a present situation / degree of process in terms of accomplishments and goals.