Stocktaking (noun)

1. The act of physically counting and inspecting the quantity and condition of items in a store, warehouse, or inventory.
2. An evaluation or assessment of a situation, resource, or asset, often with the aim of determining its current status and potential for improvement.

Origin:

Derived from the noun 'stock', meaning a supply of goods or materials, and the verb 'take', meaning to count or measure.

Examples:

1. The store manager ordered a stocktaking to ensure that the inventory was accurate and up-to-date.
2. The stocktaking revealed that several items were missing and needed to be ordered.
3. The company conducted a stocktaking of its assets and liabilities in preparation for the financial year end.
4. The stocktaking showed that the company was in good financial health and had a strong balance sheet.
5. The government conducted a stocktaking of its energy resources and identified areas for improvement in the renewable energy sector.