Definition: is a set of written instructions and regulations composed by the top management of a company, which contains information about the location and level of the inventory possessed by the organization. This policy may include information about how the company’s stock supports its philosophy and vision, and how it acquires and manages new inventory. Additionally, a stock policy may explain how a business measures the performance of its stock and plans to use it more efficiently.
In a Sentence:
The Wellington’s Library stock policy stated that they are keen on keeping a close eye on the location and integrity of its inventory.
Before we acquire new inventory for our company, let’s finalize and approve the stock policy at the board’s next meeting to avoid any misunderstandings.
Jeremy suggested that the firm’s stock policy has to be updated since their newest acquisitions were made on a higher level than before.
Synonyms and related words: floater policy, stock position, stock dividend, common stock, quality policy