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 THAT HAS PASSED THE END DATE: 

Managing stock 
SAQA US ID UNIT STANDARD TITLE
7597  Managing stock 
ORIGINATOR
SGB Retail and Wholesale 
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  20 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2003-12-03  2006-12-03  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-12-03   2010-12-03  

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 
Purpose and relationship to qualification:

This is a core unit standard towards the qualification of National Diploma in Retail/Wholesale Product and Service Management. It is designed to integrate stock management theory and world-best practices to transform the South African retail sector. It will empower individual learners to move more freely to higher levels of qualification by recognising their practical skills 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Accounting skills at NQF 4 equivalent. Basic stock control skills at NQF 4, or equivalent. Computer literacy in respect of spreadsheets. 

UNIT STANDARD RANGE 
  • Techniques for evaluating stock levels including stock counts, quality control, stock returns, stock turns, excess stock, stock security, stock replenishment, discontinued lines, order follow-ups?

    Measures for improving merchandise flow including mark-ups, mark-downs, discontinuations of non-selling lines?

    Stock information including orders, delivery notes, goods received vouchers, inventories, stock returns, supplier payments?

    Stockholding activities including quantity and quality checks, inter-branch transfers, stock rotations, unpacking and displaying stocks, packaging stocks for merchandise promotions, stock maintenance ?

    Factors influencing stockholding performance and profitability including stock turns, cash flows, "peak" and "valley" discrepancies at till points, supplier service levels, administration errors, stock theft, stock returns, quality 

  • UNIT STANDARD OUTCOME HEADER 
    The demonstrated ability to make decisions and con 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    The demonstrated ability to make decisions and consider options when: 
    OUTCOME NOTES 
    Specific Outcomes:

    The demonstrated ability to make decisions and consider options when:?

    Controlling and monitoring merchandise stockholdings using a range of techniques for evaluating stock levels and minimising stock shrinkage in retail/wholesale outlets?

    Implementing a range of measures for improving merchandise flow and minimising excess levels of merchandise stockholdings in retail/wholesale outlets ?

    Auditing administration procedures for processing and capturing a range of stock information ensuring accuracy and ongoing maintenance of stock records in retail/wholesale outlets?

    Monitoring and controlling a range of stockholding activities relating to receiving, dispatching and preparing of merchandise for promotion and resale in retail/wholesale outlets?

    Monitoring, analysing and reporting on a range of factors influencing performance and profitability of stockholdings in retail/wholesale outlets 
    OUTCOME RANGE 
  • Techniques for evaluating stock levels including stock counts, quality control, stock returns, stock turns, excess stock, stock security, stock replenishment, discontinued lines, order follow-ups?

    Measures for improving merchandise flow including mark-ups, mark-downs, discontinuations of non-selling lines? Stock information including orders, delivery notes, goods received vouchers, inventories, stock returns, supplier payments?

    Stockholding activities including quantity and quality checks, inter-branch transfers, stock rotations, unpacking and displaying stocks, packaging stocks for merchandise promotions, stock maintenance ?

    Factors influencing stockholding performance and profitability including stock turns, cash flows, "peak" and "valley" discrepancies at till points, supplier service levels, administration errors, stock theft, stock returns, quality 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The ability to produce all of the following evidence: 
    ASSESSMENT CRITERION NOTES 
    Assessment Criteria:

    The ability to produce all of the following evidence:

    This evidence should be evaluated by a registered retail assessor?

    Describe organisational strategy relating to merchandise stockholdings?

    Detail the measures that can be implemented to improve the flow of merchandise and minimise excess stock levels?

    Develop a sample procedure for administering stockholdings of merchandise?

    Demonstrate techniques for monitoring stockholding activities (receiving, dispatching, unpacking and preparing merchandise for promotions)?

    Produce evidence of reports reflecting stock movement for a given period 
    ASSESSMENT CRITERION RANGE 
  • Techniques for evaluating stock levels including stock counts, quality control, stock returns, stock turns, excess stock, stock security, stock replenishment, discontinued lines, order follow-ups?

    Measures for improving merchandise flow including mark-ups, mark-downs, discontinuations of non-selling lines? Stock information including orders, delivery notes, goods received vouchers, inventories, stock returns, supplier payments?

    Stockholding activities including quantity and quality checks, inter-branch transfers, stock rotations, unpacking and displaying stocks, packaging stocks for merchandise promotions, stock maintenance ?

    Factors influencing stockholding performance and profitability including stock turns, cash flows, "peak" and "valley" discrepancies at till points, supplier service levels, administration errors, stock theft, stock returns, quality
     


  • UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Providers will be accredited against this standard by the Retail and Wholesale SETA in conjunction with the Transport Logistics SETA in their roles as ETQAs. Moderation will be provided by the HEQC 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The demonstrated understanding of:?

    Organisational strategy relating to stockholdings of merchandise?

    Systems, procedures and processes for administering merchandise stockholdings?

    Organisational distribution network ?

    Manual and electronic techniques for analysing movement and levels of stockholdings of merchandise
  • Techniques for scheduling and auditing administration processes relating to stockholdings of merchandise

    Verbal and written presentation techniques?

    External communication channels (merchandise suppliers, transport companies) 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Identify and solve problems when auditing administration processes so that inaccuracies reflected on stock records and incomplete documentation can be timeously rectified with minimal interruption to flow of merchandise process 

  • UNIT STANDARD CCFO WORKING 
  • Work effectively with others as a team when scheduling stockholding activities so that team members are able to co-ordinate activities according to workflow demand thereby minimising risk of inaccurate/incomplete documentation and stock shortages 

  • UNIT STANDARD CCFO ORGANISING 
  • Collect, analyse, organise and critically evaluate information when monitoring stock shrinkages/excesses so that stock levels are maintained according to overall stockholding strategy 

  • UNIT STANDARD CCFO COLLECTING 
  • Demonstrate an understanding of the world as a set of related systems where the ongoing evaluation of all factors influencing stock movement is vital to achieving the highest level of stock turn to maximise profit 

  • UNIT STANDARD ASSESSOR CRITERIA 
    Assessment Criteria:

    The ability to produce all of the following evidence:

    This evidence should be evaluated by a registered retail assessor?

    Describe organisational strategy relating to merchandise stockholdings?

    Detail the measures that can be implemented to improve the flow of merchandise and minimise excess stock levels?

    Develop a sample procedure for administering stockholdings of merchandise?

    Demonstrate techniques for monitoring stockholding activities (receiving, dispatching, unpacking and preparing merchandise for promotions)?

    Produce evidence of reports reflecting stock movement for a given period 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  14852   National Diploma: Agri Sales and Service Management  Level 5  NQF Level 05  Reregistered  2023-06-30  AgriSETA 
    Core  13720   National Diploma: Retail and Wholesale, Product and Service Management Technology  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  W&RSETA 


    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. Open Learning Group (Pty) Ltd 



    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.