Stock in the construction industry
In its broadest sense, stock refers to products, goods or materials kept on a premises for sale, distribution or some other use.
However, stock can also refer to all of the shares into which the ownership of a company might be divided.
It can also refer to the total number of something, such as the housing stock.
Safety in the storage and handling of steel and other metal stock, second edition, published by the Health and Safety Executive (HSE) in August 2016, defines stock as: ‘Steel or other metal in its raw material form used for manufacture of metal products. In this guidance, it refers to the common forms of steel stock: long product, coil and sheet. It does not include wire or other specialised metal products.’
The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms, defines stock as: ‘Goods, products or materials held for future use or supply, often called inventory.’
It defines a stocktake as: 'The process of physically counting products in a warehouse to match them to the computerized inventory.'
[edit] Related articles on Designing Buildings
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
CLC publishes Mental Health Joint Code of Practice.
A quick introduction to its uses and risks.
Construction Management, 17 June
Government rolls out digital planning tool to all local authorities.
Your views needed - a strategy for the professions, trades and occupations.
Confronting competency, codes, capacity and costs.
The hidden risk in modern construction supply chains.
Construction Management, 10 June
24 months to 14: CITB launches accelerated apprenticeships.
Bridging the gap between clients and contractors
Concerns remain around contractor quality, capability, and delivery.
Construction Management, 10 June.
Heat pumps beat boilers in new home tests.
Building Safety Act implementation in Wales
CIAT to host industry panel on 26 June.
New and updated CLC building safety guidance.