SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Manage stock holding procedures in a wholesale and retail unit 
SAQA US ID UNIT STANDARD TITLE
255497  Manage stock holding procedures in a wholesale and retail unit 
ORIGINATOR
Task Team - Wholesale and Retail 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard enables the relevant knowledge, skill and competencies required for the management of stock in a Wholesale and Retail unit. Individuals credited with this unit standard will be able to explain the effect of stock on the finances of the organisation and will be able to analyse stock reports and stock holding and implement actions to improve stockturns in a W and R unit.

Learners completing this unit standard will be able to:
  • Explain the effect of stock on the finances of the organisation.
  • Manage the recording of stock information for record keeping.
  • Manage stock levels to improve profitability of the unit. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner attempting this unit standard has completed the following area of learning:
  • Communication at NQF Level 4.
  • Mathematical literacy at NQF Level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the effect of stock on the finances of the organisation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The importance of effective stock management is explained in relation to profit and loss. 

    ASSESSMENT CRITERION 2 
    Various methods for measuring stock management are explained as it applies to the industry. 
    ASSESSMENT CRITERION RANGE 
    Including but not limited to:
  • Stockturns, Days of supply, Weeks cover.
     

  • ASSESSMENT CRITERION 3 
    The impact of effective/ineffective stock management is explained in terms of cash flow. 

    ASSESSMENT CRITERION 4 
    The supply chain and its affect on stock levels is explained as it applies to the organisation. 

    ASSESSMENT CRITERION 5 
    The importance of product mix is explained in terms of optimising merchandise performance and how managers can influence it in the unit. 

    SPECIFIC OUTCOME 2 
    Manage the recording of stock information for record keeping. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The administrative requirements of the stock control system are explained as it applies to the organisation. 

    ASSESSMENT CRITERION 2 
    The effect of inaccurate record keeping on stock management is explained as it applies to the organisation. 

    ASSESSMENT CRITERION 3 
    Stock administration is controlled to ensure accuracy and the meeting of organisational requirements. 

    SPECIFIC OUTCOME 3 
    Manage stock levels to improve profitability of the unit. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Stock on hand is analysed and under stocks are identified and action to improve stock levels managed. 

    ASSESSMENT CRITERION 2 
    Stock on hand is analysed and overstocks are identified and action to improve stockturns managed. 

    ASSESSMENT CRITERION 3 
    Evidence of action taken to improve stockturns in the unit is provided as per organisation's procedure. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing an individual against this unit standard must meet the assessor requirements of the relevant ETQA. In particular, such assessors must demonstrate that they assess in terms of the scope and context defined in all the range statements.
  • Any institution offering learning towards this unit standard must be accredited as a provider with the relevant ETQA.
  • External moderation of assessment will be conducted by the relevant ETQA at its discretion according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The impact of effective/ineffective stock management on cash flow.
  • Methods for reporting stockturn.
  • Organisational stock management processes, procedures and requirements.
  • Manual and/or electronic stock administration systems in the organisation.
  • Importance of effective stock management in relation to profit and loss.
  • The supply chain as it applies to the unit.
  • Organisations exit strategy for stocks not selling.
  • Organisational policy for replenishment of fast selling goods as they apply to the unit. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems:
  • The evaluation of processes and requirements for validation in the supervision of stock holding procedures require the identification and resolving of problems. 

  • UNIT STANDARD CCFO WORKING 
    Work in a team:
  • The supervision of processes to enable successful stock counts in the organisation requires team-work in the operational environment. 

  • UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise, and critically evaluate information:
  • The collecting and analysis of information during the execution of stock count activities and the execution of administrative duties associated with the area of operation supports the collection, analysis, organising and evaluation of information to meet operational requirements. 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively:
  • The supervision and control of activities associated with the planning, implementation and supervision of stock counts in the organisation requires effective verbal and written communication. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Understand the world as a set of related systems:
  • The consideration of the impact of effective/ineffective stock control activities on the organisation as a whole, requires understanding of the interrelatedness of systems. 

  • UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Administrative documentation include but is not limited to stock orders, stock receipts, stock dispatches, stock sales records, stock count records, and include manual and/or electronic records and reports.

    Administrative processes include but are not limited to the analysis and verification of forms, requirements for completion, types of information to be recorded, the identification of discrepancies, the relevant action to resolve discrepancies, document authorisation, document distribution, controls, consolidation and manual or electronic processing. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. A and S Training Consultancy 
    2. Edutel Wholesale & Retail Academy 
    3. MEGRO LEARNING LOWVELD 
    4. Nela Kahle 80 cc 
    5. Nelson Mandela University 
    6. University of Fort Hare 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.