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Evidence Guide: TLIX0004X - Administer inventory systems

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

 

TLIX0004X - Administer inventory systems

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

Identify inventory systems

  1. Software, applications and devices used in the inventory system are identified
Software, applications and devices used in the inventory system are identified

Completed
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Third party inventory control operations are verified

Completed
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Demand forecasting methods and tools are determined

Completed
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Inventory system policies, procedures and processes are confirmed

Completed
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Plan and administer inventory

  1. Inventory characteristics are ascertained
Inventory characteristics are ascertained

Completed
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Stock specifications, locations, labels and reference numbers are validated using the inventory system

Completed
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Receipt and despatch stock is securely stored in designated locations and the inventory system is updated, as required

Completed
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Stock is monitored and reordered to meet optimum replenishment requirements, in accordance with organisational inventory procedures

Completed
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Stock is requisitioned and documentation is updated on the inventory system, as required

Completed
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Stock sorting, recycling and disposal is undertaken, in accordance with organisational inventory procedures

Completed
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Stock damage and losses against forecasts are assessed and investigations are completed into unacceptable cases

Completed
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Stock security is maintained, in accordance with organisational inventory procedures

  1. Inventory is monitored and tracked using the inventory system
Inventory is monitored and tracked using the inventory system

Completed
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Buyers are kept informed of stock levels, in accordance with organisational inventory procedures

Completed
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Inventory transactions are monitored, in accordance with organisational inventory procedures

Completed
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Reorder cycles are adjusted to maintain consistent supply, as required

Completed
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Discrepancies, out of specification and redirection opportunities are managed and reported using the inventory system

Completed
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Inventory reports are analysed and corrective action is taken, as required

Completed
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Vendor Managed Inventory (VMI) systems are used to manage inventory, as required

Completed
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Complete inventoryaudits and reports

  1. Inventory audits and cycle counts are performed, in accordance with organisational inventory procedures
Inventory audits and cycle counts are performed, in accordance with organisational inventory procedures

Completed
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Report on inventory system management is produced, in accordance with organisational inventory procedures

Completed
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Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all the requirements of the elements and performance criteria on at least one occasion and includes

assessing and managing stock quality including analysing discrepancies, out of specification and redirection opportunities

categorising and labelling stock

checking inventory specifications

ensuring handling, sorting, disposal and recycling of stock is performed

following organisational inventory policies and procedures

identifying inventory characteristics

maintaining and managing optimum stock levels

meeting inventory system documentation requirements

monitoring stock security

reading and interpreting information and data related to inventory systems

recording and maintaining inventory information

undertaking quality control

using the inventory system including inventory software and applications

utilising Vendor Managed Inventory (VMI) systems

validating third party inventory control operations.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all the requirements of the elements and performance criteria and includes knowledge of

features of inventory systems

financial implications of inventory management

inventory documentation and reporting requirements including those for discrepancies, out of specification and redirection opportunities

inventory loss and damage control

inventory policies and procedures

inventory tracking and security

layout of inventory storage areas

maintenance and monitoring of stock quality and levels

methods for categorising and labelling inventory

principles of inventory management

principles of quality control

reorder cycles

storage conditions for the maintenance of inventory including product life cycles, maximising use, rotation and replenishment requirements

third party inventory control operations

types of inventory systems

valuation methods for different inventory items

Vendor Managed Inventory (VMI) systems.

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.