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

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	Passed the End Date - Status was "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.

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