Required skills

communication skills to negotiate complex supply arrangements and liaise with stock suppliers

critical thinking skills to assess supplier ability to meet the needs of the organisation and evaluate and determine optimum supply arrangements

initiative and enterprise skills to negotiate cost effective supply and maximise profitability

literacy skills to

read and interpret complex supplier cost sheets specific terms of purchase and supplier contracts

research potential suppliers sort and analyse information to make decisions on supply arrangements

write complex and accurate purchase specifications and stock control system documents

numeracy skills to

work with budgets

interpret complex stock performance wastage and stocktake reports

calculate standard methods and measures

interpret supply costs and calculate cost effective quantities for purchase

planning and organising skills to plan establish and monitor stock control systems

problemsolving skills to monitor the quality and cost of supply identify deficiencies and adjust purchasing arrangements

selfmanagement skills to take responsibility for purchase and stock control decisions

teamwork skills to discuss review and incorporate feedback from team members

technology skills to use

a computer and keyboard

the system capabilities and functions of a stock control system

Required knowledge

for the specific industry sector

forecasting methods for calculating required stock levels including formulas for yield testing and use of standard measures

methods to calculate costeffective order quantities for different stock items

different types of computer stock control systems used their functions and features

stock security systems

types of storage and their suitability for different kinds of stock

a range of supply sources for different types of product

formats for and inclusions of purchase specifications including appropriate terminology

for the specific organisation

relevant stock including product life and storage requirements for specific goods

standard business periods peak seasons and special events

reasons for stock loss and damage and methods to control these

a range of formats for inclusions and uses of

stock control procedures including those for stock with high wastage or loss

various stock control reports

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

establish and implement cost effective stock purchasing and control systems for a diverse range of stock items

monitor stock control systems stock quality and costeffectiveness of supply over a period of time

integrate knowledge of various stock control reports and data required to calculate costeffective purchasing

Context of and specific resources for assessment

Assessment must ensure use of

a real or simulated tourism hospitality or event industry business operation for which stock is purchased and stock control systems are developed

computers printers and stock control software systems currently used by the tourism hospitality or event industry

current commercial purchase specifications stock control procedures and reports supplier cost and contractual documentation used for the purchase of stock

suppliers with whom the individual can interact and negotiate

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit

projects and activities that allow assessment of the individuals ability to

determine stock levels for normal and peak operating seasons

use reports and supplier information to calculate costeffective order quantities

develop a variety of tailored stock control systems

evaluate the performance of systems and make adjustments

review of documents prepared by the individual

stock control procedures

purchase specifications

reports evaluating the quality and cost of supply

use of problemsolving activities so the individual can develop systems to control stock with high wastage or loss

written or oral questioning to assess knowledge of

types of storage and their suitability for different kinds of stock

stock control systems used by the industry

a range of supply sources for different types of product

review of portfolios of evidence and thirdparty workplace reports of onthejob performance by the individual

review of portfolios of evidence and thirdparty workplace reports of onthejob performance by the individual.

Guidance information for assessment

The assessor should design integrated assessment activities to holistically assess this unit with other units relevant to the industry sector workplace and job role for example

BSBWRTA Write complex documents

BSBWRT401A Write complex documents

SITXFIN Prepare and monitor budgets

Data may include:

Forecasting methods may include:

Standard measures may include:

Stock may include:

Purchase specifications may include:

Relevant factors may include:

Terms of purchase may include:

Stock control systems may involve:

Special control systems may involve: