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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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Term of the Road Dictionary

stock

Language : PIARC Road Dictionary / English
Theme : Financial and Legal Tools Finance and Procurement Economics and Finance
Definition : Materials in a supply chain or in a segment of a supply chain, expressed in quantities, locations and/or values. Notes: 1. Stock can be situated in a pipeline, a warehouse, a store, in production, on a vehicle, in reception, etc., regardless of the actual ownership of these materials. 2. Stock was oriinally the physical article(s) and inventory was a list representing it, but the two terms have become interchangeable in use. 3. Inventory, when used as a generic term, is synonymous with stock. This use is common in the USA and extensive in the UK [EN 14943].
Synonyms : inventory