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Elements and Performance Criteria

  1. Assess projected demand
  2. Assess variables that impact upon optimum stock levels
  3. Determine optimum inventory levels
  4. Monitor optimum inventory levels

Required Skills

REQUIRED KNOWLEDGE AND SKILLS

This describes the essential knowledge and skills and their level required for this unit

Required knowledge

Australian codes and regulations relevant to the optimisation of stock levels

Relevant OHampS and environmental protection procedures and guidelines

Workplace procedures and policies for the assessment and monitoring of optimum stock levels

Focus of operation of supply arrangements resources management and workplace operating systems

Purpose and use of key information required when optimising stock levels including supply requirements supplier information enterprise contract procedures sales plan and distribution times

Workplace business policies and plans including procedures for maintenance of confidentiality

Computer recordsdocumentation requirements when assessing and monitoring optimum stock levels

Problems that may occur when assessing and monitoring optimum stock levels and appropriate action that can be taken to resolve the problems

Worksite layout and organisational structure

Required skills

Communicate effectively with others when assessing and monitoring optimum stock levels

Read and interpret instructions procedures policies procedures and instructions relevant to the assessment and monitoring of optimum stock levels

Complete documentation related to the assessment and monitoring of optimum stock levels

Work collaboratively with others when assessing and monitoring optimum stock levels

Adapt appropriately to cultural differences in the workplace including modes of behaviour and interactions with others

Promptly report andor rectify any identified problems faults or malfunctions when assessing and monitoring optimum stock levels in accordance with regulatory requirements and workplace procedures

Plan and organise resource availability including the competencies of individuals in a team or group

Modify activities depending on differing operational contingencies risk situations and environments

Work systematically with required attention to detail without injury to self or others or damage to goods or equipment

Select and apply relevant technology information systems and procedures when assessing and monitoring optimum stock levels

Evidence Required

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

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

The evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria of this unit and include demonstration of applying

the underpinning knowledge and skills

relevant legislation and workplace procedures

other relevant aspects of the range statement

Context of and specific resources for assessment

Performance is demonstrated consistently over a period of time and in a suitable range of contexts

Resources for assessment include

a range of relevant exercises case studies and other simulated practical and knowledge assessment andor

access to an appropriate range of relevant operational situations in the workplace

In both real and simulated environments access is required to

relevant and appropriate materials andor equipment andor

applicable documentation including workplace procedures regulations codes of practice and operation manuals

Method of assessment

Assessment of this unit must be undertaken by a registered training organisation

As a minimum assessment of knowledge must be conducted through appropriate writtenoral tests

Practical assessment must occur

through appropriately simulated activities at the registered training organisation andor

in an appropriate range of situations in the workplace


Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance.

Work may involve:

twenty-four hour operation

in a range of work environments

by day or night

Customers may be:

internal or external

Workplaces may comprise:

large, medium or small worksites

Work may be conducted in:

limited or restricted spaces

exposed conditions

controlled or open environments

Work:

applies to predominantly manual operations

does not include a total computer generated purchasing system operation

Inventory benchmarks may be:

periodic, monthly or annual

Lead times may vary in accordance with:

type of transport mode(s)

processing time

regulatory requirements

freight disputations

customs regulations

scarcity of resource

Information used when assessing and monitoring optimum stock levels may include:

supply requirements

supplier information

workplace contract procedures

sales plan

distribution times

Consultative processes may involve:

other employees and supervisors

suppliers, customers and clients

relevant authorities and institutions

management and union representatives

industrial relations and OH&S specialists

other maintenance, professional or technical staff

Communication in the work area may include:

phone

electronic data interchange (EDI)

fax

email

internet

RF systems

oral, aural or signed communications

Inventory systems may be:

automated

manual

paper-based

computerised

microfiche

Depending on the type of organisation concerned and the local terminology used, workplace procedures may include:

company procedures

enterprise procedures

organisational procedures

established procedures

Information/documents may include:

relevant workplace quality specifications, policies and procedures

Australian regulations and codes of practice relevant to stock management

manufacturers specifications and/or suppliers handling and storage advice

supplier and/or client instructions

workplace business policies and plans including procedures for maintenance of confidentiality

operations manuals, job specifications and induction documentation

ADG Code and associated regulations

material safety data sheets

relevant Australian standards and certification requirements

conditions of service, legislation and industrial agreements including award details, enterprise bargaining agreement, other industrial arrangements

emergency procedures

Applicable regulations and legislation may include:

codes and regulations relevant to the optimisation of stock levels including the ADG Code

relevant state/territory OH&S and environmental protection legislation

licence, patent or copyright arrangements

water and road use and licence arrangements

export/import/quarantine/bond requirements

workplace relations regulations

workers compensation regulations