Definition, Meaning & Synonyms
rotating-stock
noun
/roʊˈteɪtɪŋ stɑk/
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Definition
A strategy used in inventory management that involves consistently replacing older stock with newer stock to ensure freshness and minimize waste.
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Examples
- The supermarket employs a rotating-stock system to keep its produce fresh.
- By using a rotating-stock method, the company reduces waste and ensures product quality.
- In the restaurant, the chef regularly updates the menu based on the rotating-stock of seasonal ingredients.
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Meaning
The practice of periodically updating the inventory of perishable goods or items that are subject to obsolescence, making sure that older products are sold before new ones are introduced.
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Synonyms
- inventory management
- stock rotation
- stock control