NZQA Expiring unit standard
11986 version 4
Page 1 of 3
Title
Establish and maintain stock levels in a retail or distribution
environment
Level
4
Credits
4
Purpose
People credited with this unit standard are able to establish and
maintain stock levels in a retail or distribution environment.
Classification
Retail, Distribution, and Sales > Stock Control
Available grade
Achieved
Explanatory notes
1
Range
Stock levels may include but are not limited to – minimum, maximum, reorder and/or
trigger point.
2
The following unit standard may be considered relevant to and/or supportive of this
unit standard, but is not a prerequisite unit standard: Unit 11959, Order goods to
meet pre-set stock levels in a retail or distribution environment.
3
Definitions
Agreed indicates a course of action that is established between two or more people
(including the candidate) and which follows organisational procedures.
Organisational procedures refer to instructions to staff on policy and procedures
which are formally documented, or generally accepted within the workplace.
Retail or distribution environment refers to workplaces where the primary focus is on
customers purchasing goods and/or services.
This unit standard is
expiring
Outcomes and evidence requirements
Outcome 1
Establish stock levels in a retail or distribution environment.
Evidence requirements
1.1
Stock levels are established and agreed with stakeholders in accordance with
organisational procedures.
Range
1.2
stakeholders may include but are not limited to – owner/operator,
staff, distributors, outlet management, suppliers.
Factors affecting stock requirements are identified and incorporated into
establishment of stock levels in accordance with organisational procedures.
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
Range
11986 version 4
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factors – stock turnover, storage capacity, seasonal variations,
budget, sales, promotions;
evidence is required for three factors.
1.3
Lead times for regular and alternative stock suppliers are established and
recorded.
1.4
Documentation related to establishment of stock levels is accurate, complete,
and distributed to stakeholders within agreed timeframe.
Outcome 2
Maintain stock levels in a retail or distribution environment.
Evidence requirements
2.1
Stock levels are maintained in accordance with organisational procedures.
2.2
Factors affecting stock level maintenance are identified, and action is taken to
maintain levels in accordance with organisational procedures.
Range
2.3
factors may include but are not limited to – change in lead times,
change in demand, supply delays, stock discontinued;
evidence is required for three factors;
action may include but is not limited to – use alternative supplier,
inform stakeholders, amend stock levels;
evidence is required for two actions.
Changes to stock levels are agreed with stakeholders in accordance with
organisational procedures.
stakeholders may include but are not limited to – owner/operator,
This
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standard
staff, distributors,
management, suppliers.is
Documentation related toexpiring
maintenance of stock levels is accurate, complete,
and complies with organisational procedures.
Range
2.4
Replacement information
This unit standard, unit standard 11963, and unit
standard 11977 have been replaced by unit standard
28505.
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
11986 version 4
Page 3 of 3
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
31 October 1997
31 December 2016
Review
2
28 November 2002
31 December 2016
Review
3
21 November 2008
31 December 2016
Review
4
16 April 2015
31 December 2017
Consent and Moderation Requirements (CMR) reference
0225
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
This unit standard is
expiring
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016