inventory / assessment
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inventory
The systematic recording and counting of all existing goods, materials, or assets in a company or warehouse. The result is the inventory.
Wegen der jährlichen Bestandsaufnahme bleibt das Geschäft morgen Vormittag geschlossen.
Because of the annual inventory, the store will remain closed tomorrow morning.
assessment
An analysis or evaluation of the current situation in a particular area. The aim is to determine the current state, often as a basis for future planning.
Bevor wir neue Ziele festlegen, müssen wir eine ehrliche Bestandsaufnahme unserer Stärken und Schwächen machen.
Before we set new goals, we need to make an honest assessment of our strengths and weaknesses.
The word is composed of 'der Bestand' (the existing stock or quantity) and 'die Aufnahme' (the recording or noting down). So it literally means recording the existing stock.
Die Bestandsaufnahme im Lager dauert zwei volle Tage.
The inventory in the warehouse takes two full days.
'Bestandsaufnahme' (inventory/assessment) is almost always combined with the verb 'machen' (to make/do). This fixed phrase, 'eine Bestandsaufnahme machen' (to take inventory / make an assessment), applies to both the literal and the figurative meaning.
Nach dem Streit mussten beide eine Bestandsaufnahme ihrer Beziehung machen.
After the argument, both of them had to make an assessment of their relationship.
You can recognize the figurative meaning by abstract topics. When words like 'persönlich' (personal), 'ehrlich' (honest), 'Karriere' (career), 'Projekt' (project), or 'Beziehung' (relationship) are mentioned, it is about analyzing the situation, not counting goods.
Zu Beginn des neuen Jahres mache ich immer eine persönliche Bestandsaufnahme.
At the beginning of the new year, I always make a personal assessment.
inventory
Inventar and Bestandsaufnahme both concern a company's existing stock. Bestandsaufnahme is the systematic recording and counting of the stock. Inventar, by contrast, is the resulting detailed list of assets and liabilities.
Bei der Bestandsaufnahme zählt die Mitarbeiterin alle Bestände im Lager.
During the stocktaking, the employee counted all the stock in the warehouse.
Nach dem Zählen trägt die Mitarbeiterin alle Bestände in das Inventar ein.
After counting, the employee entered all the stock items in the inventory list.
