The Inventory duration is how long it takes you to complete an inventory count. This is determined by the "Start Time" and "End Time" of the inventory counts.

The Inventory period is the time between two completed inventory counts. This is determined automatically by the system when looking at the dates of inventories.

When you take an inventory count, WISK logs the time it was started and the time it was submitted. This is the inventory duration.

The inventory duration should never span over a period where sales occur in your venue. The inventory count is a snapshot of the stock levels at the time the inventory count started. If items are being sold while taking inventory, you won’t have accurate data.

In most cases, the inventory duration should only be a few hours (depending on the size of your venue).

The only exception for this would be if your venue is closed for a few days and you complete the count slowly over that time. In this case there wouldn't be sales in the venue.

Note: If an inventory is open for longer than 24 hours you'll receive an email alert at the 24, 48, and 72 hour mark.

You will also see a warning message in the app and web if an ongoing inventory count has been open longer than 48 hours. You are not blocked from having a longer inventory duration, but it will likely intersect with sales in your venue leading to inaccurate data.

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The inventory period (also known as inventory range) is the time between two completed inventory counts.

It’s used by WISK to calculate your consumption, sales, and variance.

For example, let's say you complete a count on January 1st from 8:00am to 10:00am, and then complete another count on Jan 8th from 8:00am to 9:30am

Those two counts now create an inventory period from Jan 1, 8:00am to Jan 8, 8:00am. The starting time of each inventory is the cut-off point.

Anything that happens in your venue between those two dates/ times applies to that inventory period.

Important: Don’t put an Inventory Period as the start and end times of a specific inventory count. The system will think that the physical count took that long and will impact your data calculations. If the amount of time between the "Start Time" and "End Time" is greater than 48 hours you will see a warning.