1. the process of counting and recording all the goods, materials, or inventory that a business owns
Usage: business
2. a careful review or assessment of a situation, especially to evaluate progress or current status
Usage: figurative

Examples

• The store will be closed tomorrow for annual stocktaking.
• During stocktaking, they discovered several missing items.
• The warehouse manager scheduled stocktaking for the weekend.
• After the merger, the company conducted a thorough stocktaking of its assets.
• It’s time for some personal stocktaking about my career goals.
• The team meeting included a stocktaking of the project’s progress.
• Regular stocktaking helps prevent inventory shortages.