Assessment Requirements for SIRXSLS005 Plan to trade internationally

Release: 1

Assessment Requirements for SIRXSLS005 Plan to trade internationally

Modification History

Not applicable.

Performance Evidence

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and:

research one international marketplace and analyse the following information to determine suitability for expansion:

cultural and social environment

customer profile and preferences

marketplace features

competitive environment

growth potential

financial considerations:

currency and exchange rates

payment infrastructures, preferences and systems

taxes and tax laws

logistics and fulfilment considerations

legal and regulatory compliance requirements

ethical considerations

trade agreements

risks versus opportunities

customs clearance

use the above findings to document a plan for expansion into one international marketplace detailing:

platform and systems requirements:

payment

security

risks and contingency plans

marketing and promotional plans

supply chain and logistics

product and pricing adjustments

performance indicators

resourcing requirements:

internal

third party

timelines.

Knowledge Evidence

Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:

major international marketplaces for trade outside of Australia

key considerations when planning entry into international marketplace:

cultural and social environment

customer profile and preferences

marketplace features

competitive environment

growth potential

financial considerations:

currency and exchange rates

payment infrastructures, preferences and systems

taxes and tax laws:

sales tax

import duties

transactional taxes

hidden costs

logistics and fulfilment considerations

legal and regulatory compliance requirements

ethical considerations

trade agreements

risks versus opportunities

customs clearance

suitability of products to local customer demand

strategies for developing customer trust, reputation and credibility

primary local language

local marketing and promotional strategies

supply chain and logistics for international trade:

product tracking

third-party logistic providers

fulfilment options

associated costs

delivery timeframes

customs and quarantine

shipping tax

third-party service providers relevant to international trade

international distribution:

laws

service providers, both domestic and international

supply logistics

packaging and labelling requirements

competitive pricing strategy for international markets

techniques to analyse international marketplaces and determine viability of trading within the marketplace

common risks associated with international trade and appropriate contingency strategies

tools for monitoring sales and performance in international markets.

Assessment Conditions

Skills must be demonstrated in a service industries environment. This can be:

an industry workplace

a simulated industry environment.

Assessment must ensure access to:

information technology hardware and software

online information systems.

Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.

Links

Companion Volume Implementation Guides - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=ca051b1b-5101-4ec2-ac1c-49699303188d