NZQA Expiring unit standard
11967 version 4
Page 1 of 3
Title
Manage redundant and obsolescent stock in a retail or distribution
environment
Level
3
Credits
4
Purpose
People credited with this unit standard are able to: identify
factors that result in redundant and obsolescent stock and
develop methods to minimise redundant and obsolescent
stock; and identify and dispose of redundant and obsolescent
stock.
Classification
Retail, Distribution, and Sales > Stock Control
Available grade
Achieved
Explanatory notes
1
Performance of the outcomes of this unit standard must comply with the
requirements of the following: Health and Safety in Employment Act 1992;
Hazardous Substances and New Organisms Act 1996; and Health and Safety
Regulations 1995.
2
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.
Redundant and obsolescent stock refers to stock that is not required due to
oversupply; incorrect product; damage or fault; seasonal, technology, or fashion
change.
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
Identify factors that result in redundant and obsolescent stock and develop methods to
minimise redundant and obsolescent stock.
ServiceIQ
SSB Code 9068
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
11967 version 4
Page 2 of 3
Evidence requirements
1.1
Factors that result in redundant and obsolescent stock are identified.
Range
1.2
may include but is not limited to – fluctuation in demand, new
technology, rationalisation, supplier error, stock rotation.
Methods to minimise redundant and obsolescent stock are developed in
accordance with organisational procedures.
Range
may include but is not limited to – monitoring, planning, stock
rotation, research.
Outcome 2
Identify and dispose of redundant and obsolescent stock in a retail or distribution
environment.
Evidence requirements
2.1
Redundant and obsolescent stock is identified within agreed timeframe in
accordance with organisational procedures.
2.2
Authority for disposal of identified redundant and obsolescent stock is obtained
in accordance with organisational procedures.
2.3
Factors affecting cost of disposal are identified and cost of disposal is
calculated.
Range
2.4
2.5
This unit standard is
Stock released for disposal
is safe and is disposed of in accordance with
expiring
organisational procedures.
Selected action for disposal minimises financial loss and maximises benefits in
accordance with organisational procedures.
Range
2.6
factors may include but are not limited to – materials, hours,
storage, disposal method, sale value.
may include but is not limited to – selling, donating, returning to
supplier and/or manufacturer, dumping, re-packaging, wrapping,
destroying, identification, transportation, notification.
Documentation and data entry related to disposal of stock are accurate and
complete in accordance with organisational procedures.
Replacement information
ServiceIQ
SSB Code 9068
This unit standard, unit standard 11959, and unit
standard 11976 have been replaced by unit standard
28499.
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
11967 version 4
Page 3 of 3
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
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
29 July 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