Elements describe the essential outcomes of a unit of competency.
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.
1. Maintain stock levels and records.
1.1 Use stock control systems and equipment to administer all stock control and ordering processes.
1.2 Monitor and maintain stock levels to meet organisational requirements.
1.3 Monitor stock security and adjust procedures as required.
1.4 Inform colleagues of their individual stock ordering responsibilities.
1.5 Maintain records of stock levels and create reports according to organisational procedures.
1.6 Monitor stock performance, and identify and report fast or slow selling items.
1.7 Monitor and adjust stock reorder cycles.
2. Process stock orders.
2.1 Process orders for stock according to organisational procedures.
2.2 Maintain stock levels and record current accurate details.
2.3 Check and record incoming stock against purchase and supply agreements.
3. Minimise stock losses.
3.1 Regularly check the storage of stock and ensure its protection .
3.2 Identify, record and report stock losses .
3.3 Identify avoidable losses and establish reasons for them.
3.4 Recommend solutions and implement procedures to prevent future losses.
4. Follow up orders.
4.1 Monitor the delivery of stock to ensure agreed deadlines are met.
4.2 Liaise with suppliers to ensure continuity of supply.
4.3 Resolve routine supply problems or refer to appropriate person for action.
4.4 Distribute stock within the organisation according to required allocations.
5. Organise and administer stocktakes.
5.1 Organise stocktakes at appropriate intervals.
5.2 Allocate stocktaking responsibilities to staff and supervise the operation of the stocktake.
5.3 Produce accurate stocktake reports within designated timelines.
This section describes the skills and knowledge required for this unit.