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TOEIC Vocabulary Flashcard

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Warehouse & Inventory
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stock
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stock star_border

1. Stock = the amount of goods available in a shop (Uncountable noun) 

  • This shop sells its old stock at very low prices. 
  • We'll be getting our new stock in on Friday. 
  • The store is selling off stock that is surplus to requirements.

2. Stock = to keep a supply of goods (Verb)

  • Most supermarkets stock a wide range of wines. 
  • This shop stocks a wide range of outdoor equipment. 

3. Stock = to fill shelves or a place with something

  • I work as a stock person. My job duty is to stock shelves in the supermarket.
  • I like to stock the fridge with food before my friends come to stay. 

4. Stock = part of the ownership of a company that can be bought by members of the public (Countable noun) 

  • He invested his savings in stocks and shares
  • They own 20 percent of the company's stock. (= shares) 
  • The stock market crashed today.
  • Stock prices fell yesterday in heavy trading. 
  • Asian stocks declined sharply after the U.S. announced raising tariffs on imported goods from China.
  • Facebook stocks plummet more than 20% amid concerns over growth.
  • In March of 2020, the COVID-19 pandemic triggered the most rapid global crash in financial history. Still, the stock market recovered ground pretty quick, and the year closed with record highs.

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in stock
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in stock star_border

In stock = has stock available in a store

  • Do you have light bulbs in stock
  • The new edition is in stock in major bookshops. 
  • Our products are low in stock currently.

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inventory
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inventory star_border
UK /ˈɪn.vən.tər.i/ US /ˈɪn.vən.tɔːr.i/

1. Inventory = a detailed list of all the things in a place (Countable noun)

  • We made an inventory of everything in the apartment.
  • We made an inventory of the library's collection.
  • We'd better begin by compiling an inventory of equipment on hand.
  • How can a small business afford to keep a large inventory of supplies?

2. Inventory = the counting of goods (Uncountable noun)

do/take inventory on something (盤點)

do/take a physical count of inventory (手動盤點)

  • We'll be doing inventory on the collection soon.
  • Since we installed the new software, taking inventory has become a lot easier.
  • When the delivery truck arrives, please take a physical count of inventory and verify that the quantities on the receipt are accurate.
  • During the inventory process, we will verify the numbers in our computer files, clear up any discrepancies we may find, and adjust our records as necessary.
  • This is a reminder that we will be closing the store for two days at the end of next week, Friday and Saturday, for inventory.

3. Inventory = the amount of goods available in a store (Uncountable or countable noun)

  • Our store has the largest inventory in the used car business.
  • Companies have cut inventories sharply since the downturn began.
  • We are considering taking out a business loan to build up our inventory of supplies.
  • Today, almost every business keeps a running inventory count by having its sales records tied by computer to its inventory. 

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out of stock
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out of stock star_border

Out of stock = no stock available in a store

  • Bikes are now out of stock
  • The new edition is out of stock in major bookshops. 

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turnaround
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turnaround star_border
/ˈtɝːn.ə.raʊnd/

The turnaround or turnaround time of a task, for example, the unloading of a ship or the delivery of a shipment, is the amount of time that it takes. A turnaround can also mean a complete change in opinion, attitude, or method.

    The turnaround or turnaround time of a task is the amount of time that it takes. (Countable or Uncountable Noun)

    • Our company has an inventory turnaround time of about 85 days.
    • The average turnaround for a passport application is six working days.
    • If you're near California, the turnaround time for shipping is only about two days.
    • Southwest's planes have a turnaround time of 20 to 30 minutes.
    • Bus turnarounds range from 15 minutes downtown to one hour in outlying areas.

    A turnaround is a complete change in opinion, attitude, or method. (Countable Noun)

    • The team needs a big turnaround after their loss last week.
    • The management is confident the company will make a major turnaround this year.
    • The company has achieved a remarkable turnaround in the past year.

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    turnover
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    turnover star_border
    /ˈtɝːnˌoʊ.vɚ/

    1. Turnover = the amount of business that a company does in a period of time (Countable Noun)

    • We have had a low turnover of inventory this quarter and didn't bring in much money.
    • Our business success is built on a fast turnover of merchandise.
    • Recently the company has been trying to increase its turnover by diversifying into other fields.
    • The company's annual turnover is somewhere around $37.7 billion.

    2. Turnover =  the rate at which employees leave a company and are replaced by new people (Countable Noun)

    • The company has experienced a lot of turnover (of personnel) in the past year. 
    • A large number of temporary contracts resulted in a high turnover of staff.
    • The restaurant industry has an astronomical amount of (employee) turnover, with data showing an average churn of around 73%.

    Table turnover =  the rate at which customers leave a restuarant and are replaced by new customers (Uncountable Noun)

    • One easy way to increase table turnover is to serve a smaller menu so that customers can decide and order faster.
    • More and more restaurants are using a digital waitlist system to maximize table turnover rates.
    • One of the biggest challenges facing restaurant owners is serving more people daily while providing a flawless dining experience that doesn't include rushing customers out of their seats. The reasoning behind it is simple: the faster the table turnover, and the more customers you serve, the higher the revenue. 

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    stock

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