Assess and monitor optimum stock levels

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver TLIA4028, 'Assess and monitor optimum stock levels'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Assess and monitor optimum stock levels' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

Elements describe the essential outcomes.

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

1

Assess projected demand

1.1

Information/data from sales plan or stock movement is analysed

1.2

Projected high and low volume periods are determined from the analysis of sales plan and/or stock movement data

1.3

Seasonal nature of stock demand is determined from the analysis of sales plan and/or stock movement data

1.4

Required inventory levels at different production and sales cycle stages are determined from the analysis of sales plan and/or stock movement data

2

Assess variables that impact on optimum stock levels

2.1

Stock manufacturing/supply and consignment delivery lead times are determined

2.2

Internal processing and distribution times are determined

2.3

Spoilage and obsolescence times are calculated as required

2.4

Maximum stock carrying capacity is assessed

2.5

Physical and human resources are assessed in relation to projected required stock levels

2.6

Contingencies are developed for abnormal distribution stoppages/slow-downs to supply chain

3

Determine optimum inventory levels

3.1

Production and sales cycle stages are correlated to stock manufacturing supply and distribution lead times

3.2

Safety stock levels are calculated

3.3

Optimum inventory levels are identified

4

Monitor optimum inventory levels

4.1

Inventory benchmarks are continually compared to current and known future sales turnover/production requirements

4.2

Adjustments to inventory levels are undertaken in accordance with reassessed sales turnover/production requirements, workplace procurement processes and within scope of authority

4.3

Changes and/or requests for adjustments to inventory levels are documented in accordance with workplace policies

4.4

Resources are assembled in accordance with identified optimum inventory levels