What is another word for stocktaking?
Pronunciation: [stˈɒkte͡ɪkɪŋ] (IPA) 
Stocktaking is a process of analyzing and evaluating the inventory of a business. It is usually done at the end of a financial year to update the financial records of the business. In other words, it is a systematic check of all the inventory held by an organization. Some common synonyms for the word "stocktaking" include inventory audit, physical inventory, stock count, and stock check. Other synonyms include stock assessment, inventory management, stock evaluation, and inventory control. Regardless of the term used, stocktaking is an essential part of business management and helps ensure that all inventory is accounted for and recorded correctly in a company's financial statements.
