Assessment Requirements for SISXFAC011 Manage stock supply and purchase

Release: 1

Assessment Requirements for SISXFAC011 Manage stock supply and purchase

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:

determine stock requirements and cost-effective purchasing arrangements for three different types of sport, fitness, aquatic or recreation stock using business data and supplier information

develop stock control systems for these three different types of stock

supervise the operation of one stock take or cyclical count

use stock control and reconciliation reports to evaluate and adjust stock control systems.

Knowledge Evidence

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

specific to the sport, fitness, aquatic or recreation environment:

types of business data and methods used to calculate required stock levels including use of standard measures and formulas for yield testing

different types of products used and:

supply sources

methods to calculate cost-effective order quantities

storage conditions to maintain products in optimum condition

stock security systems for products, including those specific to dangerous goods

reasons for stock wastage, and methods used to control

considerations for quantity of orders, re-order cycles and stock held:

standard business periods, peak seasons and special events

product life and availability of appropriate storage conditions

economies of scale for quantity purchased

supplier lead time

formats and inclusions of:

purchase specifications, including appropriate terminology

stock control procedures, including those for dangerous goods and stock with high wastage

different types of stock reports and how these are used to manage stock control processes

functions and features of computerised stock control systems.

Assessment Conditions

Skills must be demonstrated in a sport, fitness, aquatic or recreation environment. This can be:

a workplace, or

a simulated industry environment set up for the purposes of skills assessment.

Assessment must ensure use of:

interaction with suppliers; these can be:

actual suppliers, or

individuals who act as suppliers during simulated activities

computerised stock control systems

business data, including stock control reports

supplier cost and contractual documentation.

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

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=1ca50016-24d2-4161-a044-d3faa200268b