1 Maintain stock records 1.1 Stock levels and records are monitored and maintained at required levels

ELEMENT S 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1 

Maintain stock records 

1.1

Stock levels and records are monitored and maintained at required levels

1.2

Stock reorder cycles are monitored, maintained and adjusted as required

1.3

Stock storage and movement records are maintained in accordance with organisational policy

2 

Implement stocktaking and stock rotation processes 

2.1

Relevant policies and procedures for stocktaking and cyclical counts are interpreted and explained to team members

2.2

Stocktaking tasks are allocated to individual team members

2.3

Team members are provided with clear directions for the performance of each task and supervised

2.4

Stocktaking and stock rotation procedures are implemented

3 

Identify stock losses 

3.1

Losses are accurately identified, recorded and assessed against potential loss forecast on a regular basis

3.2

Avoidable losses are identified and potential reasons are established

3.3

Possible solutions to avoidable losses are recommended and implemented

3.4

Accurate reports on stocktake data, including discrepancies, are produced for management