Unit of competency Outline
Date retreived
22/07/2026 5:49 AM AWST
22/07/2026 5:49 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Administer inventory systems
Administer inventory systems
Unit of competency
National Code
TLIX0004X
TLIX0004X
State Code
OBQ93
OBQ93
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
18/08/2020
Field of Education
089901 - Purchasing, Warehousing And Distribution
Original Release Date
18/08/2020
Nominal Hours
45
Description
This unit of competency describes the skills and knowledge required to administer inventory systems. It includes identifying inventory systems, tracking inventory, planning and administering inventory systems and completing inventory audits and reports.Inventory is defined as the quantity of goods owned and stored by an organisation that is intended either for resale or is raw materials and components used in producing goods that are then sold. Inventory systems provide visibility and integration in the supply chain and they are used to record transactions associated with receiving, reducing or writing inventory off. An inventory system can include desktop software, barcode scanners, barcode labels, mobile devices and applications. The unit is applicable to those with responsibilities for inventory systems within a supply chain.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Identify inventory systems
- 1.1 Software, applications and devices used in the inventory system are identified
- 1.2 Third party inventory control operations are verified
- 1.3 Demand forecasting methods and tools are determined
- 1.4 Inventory system policies, procedures and processes are confirmed
2 Plan and administer inventory
- 2.1 Inventory characteristics are ascertained
- 2.2 Stock specifications, locations, labels and reference numbers are validated using the inventory system
- 2.3 Receipt and despatch stock is securely stored in designated locations and the inventory system is updated, as required
- 2.4 Stock is monitored and reordered to meet optimum replenishment requirements, in accordance with organisational inventory procedures
- 2.5 Stock is requisitioned and documentation is updated on the inventory system, as required
- 2.6 Stock sorting, recycling and disposal is undertaken, in accordance with organisational inventory procedures
- 2.7 Stock damage and losses against forecasts are assessed and investigations are completed into unacceptable cases
- 2.8 Stock security is maintained, in accordance with organisational inventory procedures
3 Track inventory
- 3.1 Inventory is monitored and tracked using the inventory system
- 3.2 Buyers are kept informed of stock levels, in accordance with organisational inventory procedures
- 3.3 Inventory transactions are monitored, in accordance with organisational inventory procedures
- 3.4 Reorder cycles are adjusted to maintain consistent supply, as required
- 3.5 Discrepancies, out of specification and redirection opportunities are managed and reported using the inventory system
- 3.6 Inventory reports are analysed and corrective action is taken, as required
- 3.7 Vendor Managed Inventory (VMI) systems are used to manage inventory, as required
4 Complete inventoryaudits and reports
- 4.1 Inventory audits and cycle counts are performed, in accordance with organisational inventory procedures
- 4.2 Report on inventory system management is produced, in accordance with organisational inventory procedures
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWN47 | TLIA3016 | Use inventory systems to organise stock control | Unit of competency |