stock management
nounUK /stɒk ˈmænɪdʒmənt/
US /stɑːk ˈmænɪdʒmənt/
Stock management is the job of keeping track of the things a store has and making sure there is enough for people to buy.
The shop uses a computer program for stock management so it never runs out of milk.
RELATED WORDS
OTHER MEANINGS
2. The process of counting and recording goods in a business to know what is available.
Good stock management helped the bakery know exactly how much flour was left.
3. Software or systems used to track products and their quantities.
The new stock management system sends an alert when supplies get low.
4. The practice of deciding when and how much to order from suppliers.
Smart stock management means ordering more toys before the holidays.