Monitor inventory capacity to meet demand Evidence Guide

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Evidence Guide: SIRWINV003A - Monitor inventory capacity to meet demand

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

SIRWINV003A - Monitor inventory capacity to meet demand

What evidence can you provide to prove your understanding of each of the following citeria?

Monitor receipt and dispatch of goods.

Determine responsibility for receipt and dispatch of products accurately.
Implement business policy and procedures in regard to receipt, dispatch and secure storage of products.
Observe staff functions to ensure business procedures are followed and documentation is completed correctly.
Implement business procedures to ensure products are inspected for quantity and quality on receipt.
Act upon variations to quantity and quality of delivered products according to business policy.
Supervise safe handling and storage of products according to business policy.

Determine responsibility for receipt and dispatch of products accurately.

Completed
Date:

Teacher:

Evidence:

Implement business policy and procedures in regard to receipt, dispatch and secure storage of products.

Completed
Date:

Teacher:

Evidence:

Observe staff functions to ensure business procedures are followed and documentation is completed correctly.

Completed
Date:

Teacher:

Evidence:

Implement business procedures to ensure products are inspected for quantity and quality on receipt.

Completed
Date:

Teacher:

Evidence:

Act upon variations to quantity and quality of delivered products according to business policy.

Completed
Date:

Teacher:

Evidence:

Supervise safe handling and storage of products according to business policy.

Completed
Date:

Teacher:

Evidence:

Maintain stock records.

Monitor stock levels and maintain at required levels.
Maintain, monitor and adjust stock reorder cycles as required.
Inform team members of their individual responsibilities in regard to recording of stock.
Maintain stock storage and movement records according to business policy.
Record stock discrepancies and follow procedures according to business policy.
Monitor stock performance and identify and report fast and slow selling items according to business policy.

Monitor stock levels and maintain at required levels.

Completed
Date:

Teacher:

Evidence:

Maintain, monitor and adjust stock reorder cycles as required.

Completed
Date:

Teacher:

Evidence:

Inform team members of their individual responsibilities in regard to recording of stock.

Completed
Date:

Teacher:

Evidence:

Maintain stock storage and movement records according to business policy.

Completed
Date:

Teacher:

Evidence:

Record stock discrepancies and follow procedures according to business policy.

Completed
Date:

Teacher:

Evidence:

Monitor stock performance and identify and report fast and slow selling items according to business policy.

Completed
Date:

Teacher:

Evidence:

Ensure inventory is on hand.

Coordinate deliveries to meet inventory demand.
Match logistics of delivery to inventory supply requirements.

Coordinate deliveries to meet inventory demand.

Completed
Date:

Teacher:

Evidence:

Match logistics of delivery to inventory supply requirements.

Completed
Date:

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Evidence:

Coordinate stocktake or cyclical count.

Interpret policy and procedures in regard to stocktaking and cyclical counts and explain to team members.
Roster staff according to allocated budget and time constraints.
Allocate stocktaking tasks to individual team members.
Provide team members with clear directions for the performance of each task.
Allocate team members to ensure effective use of staff resources to complete task.
Produce accurate reports for management on stocktake data, including discrepancies.

Interpret policy and procedures in regard to stocktaking and cyclical counts and explain to team members.

Completed
Date:

Teacher:

Evidence:

Roster staff according to allocated budget and time constraints.

Completed
Date:

Teacher:

Evidence:

Allocate stocktaking tasks to individual team members.

Completed
Date:

Teacher:

Evidence:

Provide team members with clear directions for the performance of each task.

Completed
Date:

Teacher:

Evidence:

Allocate team members to ensure effective use of staff resources to complete task.

Completed
Date:

Teacher:

Evidence:

Produce accurate reports for management on stocktake data, including discrepancies.

Completed
Date:

Teacher:

Evidence:

Identify stock losses.

Identify and record losses and assess against potential loss forecast on a regular basis.
Identify avoidable losses and establish reason.
Recommend and implement possible solutions for stock losses.

Identify and record losses and assess against potential loss forecast on a regular basis.

Completed
Date:

Teacher:

Evidence:

Identify avoidable losses and establish reason.

Completed
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Evidence:

Recommend and implement possible solutions for stock losses.

Completed
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Teacher:

Evidence:

Assessed

Teacher: ___________________________ Date: _

Signature: ________________________________________________

Comments:

Instructions to Assessors

Evidence Guide


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

Critical aspects for assessment and evidence required to demonstrate competency in this unit	Evidence of the following is essential: consistently manages and monitors staff implementation of inventory procedures and documentation for the receipt, dispatch and secure storage of goods utilises relevant business systems to accurately monitor inventory levels, storage, movement and reorder cycles on a regular basis competently organises and coordinates stock movement to ensure that inventory is available to meet business needs completes relevant business documentation accurately, in a timely manner and in agreed format as required competently organises and coordinates stocktakes and cyclical counts to monitor and review inventory levels, identify discrepancies and develop solutions to stock loss

Context of and specific resources for assessment	Assessment must ensure access to: a wholesale work environment relevant documentation, such as: business policy and procedures manuals OHS legislation and codes of practice an inventory control system relevant business technology

Methods of assessment	A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit: observation of performance in the workplace third-party reports from a supervisor written or verbal questioning to assess knowledge and understanding. Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended.

Assessing employability skills	Employability skills are integral to effective performance in the workplace and are broadly consistent across industry sectors. How these skills are applied varies between occupations and qualifications due to the different work functions and contexts. Employability skills embedded in this unit should be assessed holistically in the context of the job role and with other relevant units that make up the skill set or qualification.

Required Skills and Knowledge

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

The following skills must be assessed as part of this unit:

safe use of available business technology

application of standards applicable to inventory control

interpersonal communication skills

planning and prioritising work schedule

interpersonal communication skills to:

provide information to staff, including allocating tasks and providing clear directions through clear and direct communication

ask questions to identify and confirm requirements

share information

give instructions

use language and concepts appropriate to cultural differences

use and interpret non-verbal communication

literacy and numeracy skills in regard to:

reading and understanding a range of workplace documents

maintaining records

maintaining stock ordering and recording systems

mapping inventory demands

checking product labelling to ensure compliance

collecting, analysing and organising information

operations management and leadership skills.

The following knowledge must be assessed as part of this unit:

business policy and procedures with regard to:

stock control

stock replenishment and reordering

reporting of stock discrepancies and damage

receipt and dispatch of goods, including inspection for quality and quantity

identifying and recording stock losses

identifying and recording discrepancies

impact of business planning and sales forecasts on inventory

market trends and impact of special events of inventory

inter- and intra-business transfers

legislation and statutory requirements, including consumer law

industry codes of practice, including food handling codes

OHS legislation and codes of practice, including:

manual handling regulations and codes of practice

plant and equipment regulations

knowledge of organisation and referral mechanisms for facilitating inventory demand monitoring.

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. Bold italicised wording in the performance criteria is detailed below.

Business policy and procedures may relate to:	procurement processes merchandise and product range pricing, labelling and packaging requirements receipt and dispatch of goods transport, handling and storage of goods job roles and responsibilities stocktaking and cyclical counts.

Documentation may include:	purchase requests and orders invoices and payment requests statements and petty cash vouchers offer and contract documents evaluation process documentation records of authorised officers' decisions corporate credit card transaction statements records of supplier performance financial statements asset registers records of conversation.

Safe handling and storage of goods may include:	storage in: refrigeration freezers coolrooms dry stores product segregation packaging products for storage labelling of goods stock rotation optimum maintenance of storage areas, including: cleanliness and sanitation lighting climate control pest control ventilation disposal of damaged or spoiled goods safe manual handling and lifting techniques safe use of equipment, such as ladders and trolleys.

Safe handling and storage techniques may vary according to:	stock characteristics OHS industry codes of practice

Team members may:	come from a variety of social, cultural or ethnic backgrounds vary in literacy and numeracy skills vary in competencies.

Records may be:	manual electronic templated
Stock performance may vary according to:	customer demand seasonal cycles selling approaches environmental factors quality demands advances in technology.

Reports for management may include:	financial reports business documents informal reports stocktake reports.

Logistics may include:	phases or stages of the supply and distribution chain timeframes milestones payment schedules targets outputs infrastructural resources levels of service.

Factors affecting staff roster may include:	varying levels of staff training available or required staffing levels routine or busy trading conditions full-time, part-time, casual or contract staff range of staff responsibilities awards and agreements budget allocation.

NTISthis.com

Evidence Guide: SIRWINV003A - Monitor inventory capacity to meet demand

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

SIRWINV003A - Monitor inventory capacity to meet demand

Monitor receipt and dispatch of goods.

Maintain stock records.

Ensure inventory is on hand.

Coordinate stocktake or cyclical count.

Identify stock losses.

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

Instructions to Assessors

Teacher: ___________________________ Date: _