What context can I use each word in?
Learn when and how to use these words with these examples!
stocktaking
Example
We need to do a stocktaking of our inventory before the end of the month. [stocktaking: noun]
Example
The company is undergoing a stocktaking of its financial records to identify areas for improvement. [stocktaking: gerund or present participle]
inventory
Example
We need to update our inventory to reflect the new shipment of products. [inventory: noun]
Example
The warehouse manager is responsible for inventory management and ensuring accurate record-keeping. [inventory: adjective]
Good things to know
Which word is more common?
Inventory is more commonly used than stocktaking in everyday language, as it is a more versatile term that covers a wider range of contexts.
What’s the difference in the tone of formality between stocktaking and inventory?
Both stocktaking and inventory can be used in formal and informal contexts, but stocktaking may be associated with a more formal or professional tone due to its less common usage and more comprehensive connotation.
