What is inventory snapshot?

What is the inventory snapshot? How does it work?

An inventory snapshot is the inventory levels as of a particular time. You should count inventory as of that time as well. The system will then compare the snapshot to your count quantities, the variance will apply to current inventory.

For example, one product has snapshot quantity of 10 at midnight. The next afternoon you count 7, but it has been sold 2 in the morning. The quantity you enter to the system should be 9 (7+2) which is the quantity at the snapshot time. The variance is -1 (9-10). The current inventory quantity is 8 (10-2). After applying variance, the final inventory quantity should be 7 (8-1).

There are three types of snapshot: Complete Snapshot, Selective Snapshot, Spot Snapshot. Please pay attention to these options, as they will greatly affect your inventory count results.

Generating Inventory Snapshot