SFISAD402
Analyse domestic seafood market opportunities


Application

This unit of competency describes the skills and knowledge to analyse domestic markets for seafood products. It includes the ability to conduct a supply chain analysis, research existing and potential new market opportunities, interpret data, product specifications and standards, and record and present findings.

The unit applies to individuals who undertake domestic market analysis for seafood cooperatives, wholesale or retail outlets in establishing new domestic seafood buyers.

No licensing, legislative or certification requirements apply to this unit at the time of publication.


Elements and Performance Criteria

Elements

Performance Criteria

Elements describe the essential outcomes.

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

1. Analyse existing domestic markets

1.1 Develop standardised criteria for evaluating domestic markets

1.2 Identify existing domestic markets for similar seafood products

1.3 Document a supply chain analysis of existing domestic markets in accordance with workplace procedures

2. Identify new potential domestic markets

2.1 List potential domestic markets for seafood products

2.2 Source market information from a range of relevant data

2.3 Determine potential product specifications for each market

2.4 Undertake a supply chain analysis for identified potential markets as per requirements

2.5 Document logistics, regulatory costs and requirements from source

2.6 Communicate with buyers to confirm product interest and intent

3. Record, analyse and present relevant data

3.1 Present data gathered from market information and supply chain analysis in required format

3.2 Analyse relevant data against standardised criteria using appropriate technology

3.3 Present markets with the highest potential to key stakeholders

Foundation Skills

This section describes those language, literacy, numeracy and employment skills that are essential for performance in this unit of competency but are not explicit in the performance criteria.

Skill

Description

Numeracy

Calculates and estimates market characteristics from numerical data and statistical information

Reading

Accesses sources of market information

Writing

Records and synthesises relevant data into appropriate formats

Interact with others

Selects and uses appropriate vocabulary, conventions and protocols, including technical language, in interactions with buyers

Adapts communication style and content, including personal, social and cultural factors, to build rapport with buyers

Get the work done

Plans, monitors and manages relatively complex, routine and non-routine tasks, making adjustments as necessary

Uses computer technologies to analyse market and research data


Sectors

Seafood Industry Sales and Distribution (SAD)