Meaning of the word "take inventory" in English

What does "take inventory" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

take inventory

US /teɪk ˈɪn.vən.tɔːr.i/
UK /teɪk ˈɪn.vən.tər.i/
"take inventory" picture

Idiom

1.

to make a complete list of all the goods or property in a place

Example:
The store closes early once a year so the staff can take inventory.
We need to take inventory of the supplies before placing a new order.
2.

to carefully think about or examine a situation or one's life

Example:
After the crisis, she took some time to take inventory of her life.
The end of the year is a good time to take inventory of your accomplishments.