Definition, Meaning & Synonyms
rotating-stock
noun
/roʊˈteɪtɪŋ stɑk/
Definition
A strategy used in inventory management that involves consistently replacing older stock with newer stock to ensure freshness and minimize waste.
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.
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.
Synonyms
- inventory management
- stock rotation
- stock control