It refers to the stocktaking which is periodically performed according to the pre-defined frequency such as "only at the end of the accounting period" and "once every 6 months". Like in simultaneous stocktaking, in this case, all the inventory of items including ones in warehouses and processes are mostly checked. In contrast, another method where the stock quantity is checked sequentially in a fixed cycle according to level of importance instead of checking all items at a time is called cycle counting.


Related term: Stocktaking