Unit of competency Outline
Date retreived
23/07/2026 7:26 AM AWST
23/07/2026 7:26 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.
Plan inventory levels
Plan inventory levels
Unit of competency
National Code
SIRXINV003A
SIRXINV003A
State Code
S6143
S6143
TGA Status
Deleted
Deleted
DTWD Status
Deleted
Deleted
State Implementation and Classification
Approved Date
15/03/2010
Field of Education
089901 - Purchasing, Warehousing And Distribution
Original Release Date
15/03/2010
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to plan and control inventory levels for a business.
Notes
Elements and Performance Criteria
1. Forecast inventory demands.
- 1.1.Identify links between enterprise planning, sales forecasts and stock levels.
- 1.2.Determine means to forecast demands on inventory.
- 1.3.Establish importance of monitoring market trends and technology changes as part of managing inventory demands.
- 1.4.Anticipate impact of special events on future inventory demands.
2. Implement inventory control systems.
- 2.1.Identify and describe the role of inventory control systems in inventory management.
- 2.2.Establish operational performance standards or benchmarks to measure and control inventory levels.
- 2.3.Manage scheduling to assist logistics planning and control inventory levels.
- 2.4.Establish and manage relationship between distribution systems and inventory control.
- 2.5.Compare and contrast different approaches to the management and control of inventory levels to achieve specific operational outcomes.
- 2.6.Adopt operations management approaches to achieve wholesale business and inventory plans, including the use of material resource planning, manufacturing requirements planning and just in time.
- 2.7.Devise maintenance plans or processes for inventory equipment, tools and facilities.
- 2.8.Establish purchasing systems.
- 2.9.Ensure inventory supply arrangements meets demand.
3. Monitor and improve inventory plans.
- 3.1.Determine relationship between inventory control systems and competitive advantage for the business.
- 3.2.Regularly review existing ordering and inventory control tools and procedures.
- 3.3.Improve industrial standards or performance benchmarks for inventory control systems.
- 3.4.Review and improve stock control and monitoring systems.
- 3.5.Identify strategies to improve inventory control systems and report to relevant personnel.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below.
Enterprise planning may include:
sales
marketing
strategic
business
purchasing and procurement
disposal
human resources
public relations
contingency
risk management
environmental.
Forecasts may be based on:
database or internet searches
modelling
telephone
fax
mail
formal discussions
formal and informal correspondence.
Demands on inventory may vary according to:
customer demand
seasonal cycles
selling approaches
environmental factors
quality demands
advances in technology.
Special events may include:
sales and discounting
holiday periods
product launches
supplier and enterprise promotions.
Inventory control systems may include:
manual or electronic inventory tracking systems
stocktaking
monitoring stock levels
cyclical counts
minimisation of out-of-date stock
quality control.
Performance standards or benchmarks may include:
Australian standards
international standards
professional standards
industry standards
performance indicators
quality measures and criteria
planning milestones and timeframes
design brief
manufacturer and supplier standards.
Logistics may include:
phases or stages of the supply and distribution chain
timeframes
milestones
payment schedule
targets
outputs
infrastructural resources
levels of service.
Inventory equipment, tools and facilities may include:
electronic bar coding equipment
weighing machines
thermometers
climate control
cold storage units
storage fixtures
trolley return equipment
portable data entry
cutting equipment
protective clothing.
Purchasing systems may include:
requisitions
tenders
competitive bids
production schedules
electronic data interchange (EDI)
just in time
ordering
bills of materials
stock and supply agreements.
Inventory supply arrangements may include:
delivery of products
provision of services
maintenance and support agreements
leasing agreements and consultancies
research and development.
Relevant personnel may include:
employees
supervisors
human resources personnel
team and area manager.
Enterprise planning may include:
sales
marketing
strategic
business
purchasing and procurement
disposal
human resources
public relations
contingency
risk management
environmental.
Forecasts may be based on:
database or internet searches
modelling
telephone
fax
formal discussions
formal and informal correspondence.
Demands on inventory may vary according to:
customer demand
seasonal cycles
selling approaches
environmental factors
quality demands
advances in technology.
Special events may include:
sales and discounting
holiday periods
product launches
supplier and enterprise promotions.
Inventory control systems may include:
manual or electronic inventory tracking systems
stocktaking
monitoring stock levels
cyclical counts
minimisation of out-of-date stock
quality control.
Performance standards or benchmarks may include:
Australian standards
international standards
professional standards
industry standards
performance indicators
quality measures and criteria
planning milestones and timeframes
design brief
manufacturer and supplier standards.
Logistics may include:
phases or stages of the supply and distribution chain
timeframes
milestones
payment schedule
targets
outputs
infrastructural resources
levels of service.
Inventory equipment, tools and facilities may include:
electronic bar coding equipment
weighing machines
thermometers
climate control
cold storage units
storage fixtures
trolley return equipment
portable data entry
cutting equipment
protective clothing.
Purchasing systems may include:
requisitions
tenders
competitive bids
production schedules
electronic data interchange (EDI)
just in time
ordering
bills of materials
stock and supply agreements.
Inventory supply arrangements may include:
delivery of products
provision of services
maintenance and support agreements
leasing agreements and consultancies
research and development.
Relevant personnel may include:
employees
supervisors
human resources personnel
team and area manager.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
maintenance of accurate and appropriate inventory levels
accurate forecasts of inventory demand
plans for inventory required to meet special events or contingencies
implementation of appropriate operations, inventory control and monitoring approaches
ongoing review and improvement of inventory plans.
Context of and specific resources for assessment
Assessment must ensure access to:
a real or simulated work environment
relevant documentation, such as:
policy and procedures on inventory planning and control
industry codes of practice
WHS legislation and codes of practice
access to:
a stock control system
stock control equipment
merchandise and supplier data.
Methods of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
observation of performance in the workplace
third-party reports from a supervisor
written or verbal questioning to assess knowledge and understanding
review of portfolios of evidence and third-party workplace reports of on-the-job performance.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
maintenance of accurate and appropriate inventory levels
accurate forecasts of inventory demand
plans for inventory required to meet special events or contingencies
implementation of appropriate operations, inventory control and monitoring approaches
ongoing review and improvement of inventory plans.
Context of and specific resources for assessment
Assessment must ensure access to:
a real or simulated work environment
relevant documentation, such as:
policy and procedures on inventory planning and control
industry codes of practice
WHS legislation and codes of practice
access to:
a stock control system
stock control equipment
merchandise and supplier data.
Methods of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
observation of performance in the workplace
third-party reports from a supervisor
written or verbal questioning to assess knowledge and understanding
review of portfolios of evidence and third-party workplace reports of on-the-job performance.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| N0753 | WRWI402A | Plan inventory levels | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| J149 | SIR40112 | Certificate IV in Community Pharmacy | Qualification |
| J150 | SIR40212 | Certificate IV in Retail Management | Qualification |