View Unit : Audit stock levels and stock inventories in a retail environment

Unit

Unit Reference Number

A/503/5669

Qualification Framework

QCF

Title

Audit stock levels and stock inventories in a retail environment

Unit Level

Level 3

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

7.1 Retailing and Wholesaling

Unit Grading Structure

Pass

Assessment Guidance

Workplace assessment of occupational competence is required. This must be carried out in line with the guidance available from the Learning Provider’s section of Skillsmart Retail’s website (www.skillsmartretail.com). The guidance consists of: Assessment Principles; a booklet containing assessment guidance for each unit; and a list of some agreed equivalences between previous and current versions of units.

View Unit's Qualifications

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Be able to implement a stock audit in a retail environment	1.1	explain the importance of auditing levels of stock and stock inventories
		1.2	plan an audit of stock that: will ensure accurate, complete and timely auditing will cause as little disruption as possible to normal work includes plans for dealing with contingencies
		1.3	negotiate with colleagues to obtain staff who have the necessary skills to help with the audit
		1.4	allocate specific responsibilities to each member of the audit team
		1.5	explain to the audit team what they are expected to do
		1.6	diagnose and resolve problems that arise when implementing the audit
2	Be able to use the findings of an audit to identify and resolve problems with stock levels and stock inventories	2.1	analyse the findings of a stock audit to identify problems that need resolving
		2.2	prioritise problems according to their importance and urgency
		2.3	investigate and resolve problems: methodically as far as possible within the scope of the audit and with the resources available
3	Be able to communicate the results of an audit	3.1	clarify audit findings, including any unresolved problems, in a timely fashion for those who need the information

Equivalent Units

There are no equivalences to display.