Stock Replenishment in a Retail Business
Course Purpose This unit standard is designed for individuals responsible for managing stock replenishment in a retail business. Those who attain this unit will showcase skills in making comparisons and interpreting information to determine replenishment needs. What you’ll learn This …
Overview
Course Purpose
This unit standard is designed for individuals responsible for managing stock replenishment in a retail business. Those who attain this unit will showcase skills in making comparisons and interpreting information to determine replenishment needs.
What you’ll learn
This unit standard is intended for people who determine the replenishment requirements relating to stock in a retail business. Persons credited with this unit standard will be able to operate in a number of contexts and will demonstrate the ability to make comparisons and interpret available information. These persons will further be able to transport stock in a manner that prevents shrinkage and losses and enhances the efficiency of the supply chain.
Duration: 1 Day
Curriculum
Curriculum
- 3 Sections
- 13 Lessons
- 1 Day
- Unit 1: Buy stockASSESSMENT CRITERIA5
- 0.0Stock requirements are determined according to stocktakes
- 0.1The availability of stock from various sources is investigated to ensure the best price, reliability of supply and quick response time to order being placed
- 0.2Prices of required stock available from providers are compared to ensure the best price and value for money
- 0.3Location of providers in terms of travel costs is determined to ensure the best price and value for money
- 0.4A decision is made on which provider to use based on the above factors
- Unit 2: Transport stockASSESSMENT CRITERIA4
- 0.0Items for transport are collected according to stock requirements
- 0.1The condition of the items is checked prior to leaving the provider’s premises and any damaged stock is reported and/or replaced
- 0.2Stock is loaded in an appropriate sequence and packing material and methods are used to secure and protect stock from damage/spoilage whilst in transit
- 0.3Ways in which shrinkage and losses occur are explained in relation to the process of loading and unloading stock.
- Unit 3: Receive stock into the outletASSESSMENT CRITERIA4
- 0.0Offloaded stock is sorted according to stock characteristics
- 0.1The stock received is recorded according to organisational requirements
- 0.2The stock received is checked against stock purchased
- 0.3All variances between actual stock received and purchased are identified and resolved according to organisational requirements and procedures
Requirements
- Grade 10
- NQF Level 2
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Course Features
- Lectures 13
- Quiz 0
- Duration 1 day
- Skill level All levels
- Language English
- Students 1567
- Assessments Yes