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Unit of competency details

MSMPMC400 - Carry out stock control (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to PMC563081 - Carry out stock control 21/Oct/2018

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 22/Oct/2018


Qualifications that include this unit

CodeSort Table listing Qualifications that include this unit by the Code columnTitleSort Table listing Qualifications that include this unit by the Title columnUsage RecommendationRelease
FBP30818 - Certificate III in Pharmaceutical ManufacturingCertificate III in Pharmaceutical ManufacturingSuperseded
UEG40220 - Certificate IV in Gas Supply Industry OperationsCertificate IV in Gas Supply Industry OperationsSuperseded1-2 
UEG40222 - Certificate IV in Gas Supply Industry OperationsCertificate IV in Gas Supply Industry OperationsCurrent
UEG40221 - Certificate IV in Gas Supply Industry OperationsCertificate IV in Gas Supply Industry OperationsSuperseded
UEG30120 - Certificate III in Gas Supply Industry OperationsCertificate III in Gas Supply Industry OperationsSuperseded1-2 
UEG30122 - Certificate III in Gas Supply Industry OperationsCertificate III in Gas Supply Industry OperationsCurrent
MSM30318 - Certificate III in Manufactured Mineral ProductsCertificate III in Manufactured Mineral ProductsCurrent1-4 
FBP30822 - Certificate III in Pharmaceutical ManufacturingCertificate III in Pharmaceutical ManufacturingCurrent
UEG30121 - Certificate III in Gas Supply Industry OperationsCertificate III in Gas Supply Industry OperationsSuperseded
FBP30821 - Certificate III in Pharmaceutical ManufacturingCertificate III in Pharmaceutical ManufacturingSuperseded
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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 089901 Purchasing, Warehousing And Distribution  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 089901 Purchasing, Warehousing And Distribution  22/Oct/2018 
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Unit of competency

Modification History

Release 1. New unit. Supersedes and is equivalent to PMC563081 Carry out stock control

Application

This unit describes the skills and knowledge required to carry out stock control. It applies to stock held in a store, warehouse or locally in the plant.

This unit applies to experienced operators, leading hands, supervisors or those in similar roles who are required to monitor stock levels, reconcile stock with inventory data and liaise with suppliers. Operators use a broad range of specialised knowledge and skills to interpret and provide information; identify and resolve problems and communicate technical solutions and advice.

This unit applies to an individual working alone or as part of a team or group and in liaison with other shift team members, team leader and supervisor.

No licensing or certification requirements exist at the time of publication. Relevant legislation, industry standards and codes of practice within Australia must be applied.

Pre-requisite Unit

Nil

Competency Field

Support

Elements and Performance Criteria

Elements 

Performance Criteria 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Monitor stock reordering

1.1 Monitor stock levels and maintain them at optimum levels

1.2 Adjust stock reorder levels in response to customer demand

1.3 Receive stock and report quality and quantity variations of delivered goods to suppliers

1.4 Identify and use alternative suppliers which meet required quality and safety standards when required

1.5 Reorder stock in compliance with procedures

2. Maintain inventory records systems

2.1 Maintain accurate records of the storage and the movement of stock

2.2 Identify, and act upon, stock discrepancies

2.3 Ensure minimum inconvenience to customers resulting from stock movements

3. Undertake stocktaking and cyclical counts

3.1 Coordinate stocktaking and cyclical counts

3.2 Reconcile inventory data with actual stock on hand

3.3 Report stock variations or shortages

3.4 Identify missing or damaged stock and report

4. Respond to problems

4.1 Identify possible problems in stock levels, storage, quantity and quality if stock, timeliness of supplies and production issues

4.2 Rectify problems using appropriate solution within area of responsibility

4.3 Report problems outside area of responsibility to designated person

5. Control hazards

5.1 Identify stock control hazards

5.2 Assess the risks arising from those hazards

5.3 Implement measures to control those risks

Foundation Skills

This section describes those language, literacy, numeracy and employment skills that are essential to performance.

Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.

Unit Mapping Information

Release 1. New unit. Supersedes and is equivalent to PMC563081 Carry out stock control

Links

Companion Volume Implementation Guides are available at VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=d1287d36-dff4-4e9f-ad2c-9d6270054027

 

Assessment requirements

Modification History

Release 1. New unit. Supersedes and is equivalent to PMC563081 Carry out stock control

Performance Evidence

There must be evidence the candidate has completed the tasks outlined in the elements and performance criteria of this unit, and:

  • carried out stock control for at least 1 store, warehouse or plant, including monitoring the following key variables:
  • production requirements
  • stock levels
  • reorder levels
  • quantity and quality of deliveries
  • supplier contracts
  • stock condition
  • identified discrepancies in stock quantities and/or quality.

Knowledge Evidence

There must be evidence the candidate has knowledge of:

  • methods of monitoring production requirements and stock availability
  • effective inventory management techniques to meet production requirements
  • supplier contractual requirements
  • stock control, stocktaking and cycle counting techniques
  • optimum stock levels and relationship with cost
  • methods of identifying and rectifying variations to quality and quantity of delivered goods
  • methods and criteria for sourcing alternative suppliers
  • routine and non-routine problems that may arise, the range of possible causes and appropriate actions
  • stock control hazards and:
  • their possible causes
  • potential consequences
  • risk control procedures.

Assessment Conditions

Skills must have been demonstrated in the workplace or in a simulated environment that reflects workplace conditions and contingencies, as well as, using suitable facilities, equipment and resources.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.

Links

Companion Volume Implementation Guides are available at VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=d1287d36-dff4-4e9f-ad2c-9d6270054027