take inventory
The phrase "take inventory" can refer to both the business practice of cataloging stock and a metaphorical assessment of one's life or situation.
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🇬🇧 UK Voice:
Definition
B2Business
(technical)To count and record the quantity, value, and condition of goods or assets held by a company.
Example
- At the end of each month, we take inventory to ensure our records are accurate.
B2General
(metaphorical)To assess a situation or evaluate what is present and what is needed.
Example
- After a difficult year, she decided to take inventory of her life and make some changes.
Similar
Terms that have similar or relatively close meanings to "take inventory":