Stock-taking
From Wikipedia, the free encyclopedia
Stock-taking or inventory checking is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock valuation. It is also the source of stock discrepancy information.
Stock-taking may be performed as an intensive annual check or may be done continuously by means of a cycle count.[1]
[edit] Notes
- ^ Antony Wild (2004), "Inventory checking (stocktaking)", Improving inventory record accuracy: getting your stock information right, pp. 96–107, ISBN 9780750659000
 |
This business term article is a stub. You can help Wikipedia by expanding it. |
