NTISthis.com

Evidence Guide: SISXFAC011 - Manage stock supply and purchase

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

 

SISXFAC011 - Manage stock supply and purchase

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

Determine stock requirements.

  1. Use business data, forecasting methods and standard measures to calculate required stock levels.
  2. Determine stock requirements for standard business periods, peak seasons and special events.
  3. Establish cost-effective purchase quantities based on business information and supplier advice.
Use business data, forecasting methods and standard measures to calculate required stock levels.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine stock requirements for standard business periods, peak seasons and special events.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish cost-effective purchase quantities based on business information and supplier advice.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish optimum supply arrangements.

  1. Source and review potential suppliers of relevant types of products used by the organisation.
  2. Develop detailed and accurate purchase specifications.
  3. Assess suppliers against specifications considering all relevant factors.
  4. Assess terms of purchase and negotiate with suppliers to achieve optimum supply arrangements.
  5. Evaluate cost and quality of supply based on feedback from staff and customers, identify deficiencies and adjust purchasing arrangements.
  6. Keep accurate records of supply agreements.
Source and review potential suppliers of relevant types of products used by the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop detailed and accurate purchase specifications.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess suppliers against specifications considering all relevant factors.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess terms of purchase and negotiate with suppliers to achieve optimum supply arrangements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate cost and quality of supply based on feedback from staff and customers, identify deficiencies and adjust purchasing arrangements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Keep accurate records of supply agreements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement stock control systems.

  1. Develop stock control systems and communicate to relevant staff.
  2. Develop special control systems for particular goods and stock with high wastage.
  3. Monitor systems and make adjustments according to feedback and stock control reports.
  4. Initiate training of staff to minimise stock wastage.
Develop stock control systems and communicate to relevant staff.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop special control systems for particular goods and stock with high wastage.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor systems and make adjustments according to feedback and stock control reports.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Initiate training of staff to minimise stock wastage.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage stock reconciliation.

  1. Organise stock reconciliation and cyclical count at intervals that meet business need.
  2. Allocate responsibilities to staff and supervise operation of stocktakes and cyclical counts.
  3. Complete and maintain stock reconciliation records according to organisational procedures.
Organise stock reconciliation and cyclical count at intervals that meet business need.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Allocate responsibilities to staff and supervise operation of stocktakes and cyclical counts.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete and maintain stock reconciliation records according to organisational procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge