Formula to find the the highest sum of a consecutive list of data

I need help trying to figure out a formula that will find the max consumption qty of a particular item on a given day. The tricky part is that there are multiple instances per day of consumption for each item.
It would need to to understand that each day is also a unique identifier and sum accordingly per item.
Answers
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Are you able to provide screenshots for context? I'm thinking you'll most likely end up with a MAX/COLLECT but want to be sure.
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The above picture shows an instance where consumption occurred more than one time of the same SKU on the same day. I need the formula to find the max summed consumption of a SKU each day that automatically updates as we continue to operate.
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In that case you do need a MAX/COLLECT. Assuming the formula is going on a different sheet, it would look something like this:
=MAX(COLLECT({Consumption Column}, {Created Date Column}, DATEONLY(@cell) = DATE(yyyy, mm, dd)))
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DATEONLY(@cell) = DATE(yyyy, mm, dd) would I need to choose a specific date to calculate from or would it continuously search for the max summed consumption?
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You would need to chose a date. You can create a table and have multiple dates listed in a column then use a cell reference if needed.
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Could I make it a date range?
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Yes. The criteria would look more like this (same thing goes for the DATE functions as before).
=MAX(COLLECT({Consumption Column}, {Created Date Column}, AND(DATEONLY(@cell) >= DATE(yyyy, mm, dd), DATEONLY(@cell) <= DATE(yyyy, mm, dd))))
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I tried utilizing this formula to satisfy the equation. However, I am getting an invalid operation. Is the issue DATEONLY(@cell) being replaced by a column reference to another sheet? If so how do I rectify this?
=MAX(COLLECT({Inventory Manager QTY}, {Inventory Manager SKU #}, SKU@row, AND(DATEONLY({Inventory Manager Created Date}) >= DATE(2023, 1, 1), DATEONLY({Inventory Manager Created Date}) <= DATE(2023, 12, 31))))
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What does the @cell refer to? Should it be referencing something in my Inventory Master Sheet (where the calc is being performed) or the Inventory Manager (where the data is being collected)?
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No. You just leave "@cell" exactly how and where it is.
It basically tells the formula to evaluate the previously established range on a cell by cell basis.
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Happy New Year!
I'm circling back to this and need to build this formula in another sheet referencing our Consumption tracking sheet.
Below are the criteria
If - it equals the SKU description in the SKU column in Sheet A in the Consumption Tracker
If - the action type is " Consumption" in the consumption Tracker
If - it is within a Quarter date Range e.g. Q4 (10/1/2023 - 12/32/2023)
Input the previous formula and made references, but it now says it is an invalid data type.
Any help closing this out would be greatly appreciated.
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