SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD:

Describe and apply the management of stock and fixed assets in a business unit

SAQA US ID	UNIT STANDARD TITLE
13945	Describe and apply the management of stock and fixed assets in a business unit
ORIGINATOR
SGB Generic Management
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Generic Management
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular-Fundamental	Level 4	NQF Level 04	2
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Reregistered		2018-07-01	2023-06-30	SAQA 06120/18
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2024-06-30		2027-06-30

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.

This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

PURPOSE OF THE UNIT STANDARD

This unit standard is intended for managers of small businesses and junior managers of business units in larger organisations. It provides the background necessary to understand the management of assets and stock in a business unit. The term business unit in this unit standard implies a small business, cost centre, section or department.

Junior managers include, but are not limited to team leaders, supervisors, first line managers and section heads. The positionor term is used to describe the first level of management in an organisation at which an employee has other employees reporting to him/her.

The qualifying learner is capable of:

Differentiating between fixed assets and stock in a business unit.

Explaining the influence that stock management can have on the profitability of a business.

Explaining the management of fixed assets in a business unit.

Applying the basic principles of stock and fixed asset management to a business unit.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

There is open access to this unit standard. Learners should be competent in Communication and Mathematical Literacy at NQF Level 3.

UNIT STANDARD RANGE

Basic management of stock and fixed assets at the level of a junior manager.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Differentiate between fixed assets and stock in a business unit.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The concepts of fixed assets and stock are explained with examples.

ASSESSMENT CRITERION 2

2. The different fixed assets in a business unit are identified and an indication is given of the purpose of each asset in the business unit.

ASSESSMENT CRITERION 3

3. Stock in a business unit is identified and a list is compiled of the stock usually needed in a business unit.

ASSESSMENT CRITERION 4

4. The problems that occur in a specific business unit if there is insufficient stock are indicated and a plan is compiled to ensure that the required stock is available when needed.

ASSESSMENT CRITERION 5

5. Problems if a business unit has too much stock are explained and an indication is given of how stockpiling impacts on the bottom line of the business.

SPECIFIC OUTCOME 2

Explain the influence that stock management can have on the profitability of a business.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The need for stock control is explained with reference to fraud, theft, carelessness and ensuring sufficient stock.

ASSESSMENT CRITERION 2

2. Two different ways of managing stock are explained with reference to records and stocktaking.

ASSESSMENT CRITERION 3

3. The importance of quality, quantity, time, price and source in managing stock are explained with examples.

ASSESSMENT CRITERION 4

4. The rate of stock turnover for a business unit is calculated and an indication is given of how knowing turnover assists in planning.

ASSESSMENT CRITERION 5

5. An Economic Ordering Quantity Model (EOQ) model is explained and applied to a business unit to calculate the optimum stock level for three items in a business unit.

SPECIFIC OUTCOME 3

Explain the management of fixed assets in a business unit.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The fixed assets in a business unit are identified from a balance sheet.

ASSESSMENT CRITERION 2

2. The asset register for a business unit is updated for three case studies.

ASSESSMENT CRITERION 3

3. The valuation of assets in a business unit is explained with reference to depreciation and investment.

ASSESSMENT CRITERION 4

4. Reasons for depreciation are explained with examples and an indication is given of the purpose of depreciation.

SPECIFIC OUTCOME 4

Apply the basic principles of stock and fixed asset management to a business unit.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The risk associated with the management of stock in a business unit is identified and quantified in terms of probability and severity.

ASSESSMENT CRITERION 2

2. The risk associated with the management of fixed assets in a business unit is identified and quantified in terms of probability and severity.

ASSESSMENT CRITERION 3

3. A system for managing stock in a business unit is applied with reference to ensuring sufficient stock, control of costs and the value of the stock.

ASSESSMENT CRITERION 4

4. A plan is designed to minimize the risk associated with fixed assets in a business unit.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

Assessment of this Unit Standard should be contextual and practical.

Assessors must be registered as an assessor with the Services ETQA or an ETQA that represents the sectors in which the learner is employed.

Moderators must be registered as assessors with the Services ETQA, or with an ETQA that has a Memorandum of Understanding with the Services ETQA.

The mechanisms and requirements for moderation should be applied in accordance with the requirements of the relevant ETQA.

Assessment should include both formative and summative assessment.

Training providers must be accredited by the Services ETQA or with an ETQA that has a Memorandum of Understanding with the Services ETQA.

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO ORGANISING

Learners can manage themselves and their activities responsibly and effectively in proposing ways of managing stock and fixed assets in a business unit.

Learners are able to make decisions in suggesting ways of evaluating the probability and severity of risk associated with the management of fixed assets and stock and designing plans to minimise the risk.

UNIT STANDARD CCFO COLLECTING

Learners are able to collect, organise and evaluate information when identifying stock and fixed assets in a business unit.

UNIT STANDARD CCFO COMMUNICATING

Learners are able to communicate effectively and responsibly when explaining the basic management of stock and fixed assets.

UNIT STANDARD CCFO DEMONSTRATING

Learners are able to demonstrate an understanding of the world as a set of related systems recognising the relationship between the management of stock and fixed assets and the profitability of a business.

REREGISTRATION HISTORY

As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	61595	Further Education and Training Certificate: Business Administration Services	Level 4	NQF Level 04	Reregistered	2023-06-30	As per Learning Programmes recorded against this Qual
Core	61450	Further Education and Training Certificate: Film and Television Production Operations	Level 4	NQF Level 04	Reregistered	2023-06-30	MICTS
Core	65110	Further Education and Training Certificate: Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2009-03-14	As per Learning Programmes recorded against this Qual
Core	61709	Further Education and Training Certificate: Water and Wastewater Treatment Process Control Supervision	Level 4	NQF Level 04	Reregistered	2023-06-30	EWSETA
Core	48910	Further Education and Training Certificate: Water Purification Processes	Level 4	NQF Level 04	Reregistered	2023-06-30	EWSETA
Elective	66249	Further Education and Training Certificate: New Venture Creation	Level 4	NQF Level 04	Reregistered	2023-06-30	SERVICES
Elective	23953	Further Education and Training Certificate: New Venture Creation (SMME)	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2009-05-13	Was SERVICES until Last Date for Achievement
Elective	57613	Further Education and Training Certificate: Short-Term Risk Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2012-06-30	INSETA
Elective	65529	Further Education and Training Certificate: Transport Operations	Level 4	NQF Level 04	Reregistered	2023-06-30	TETA
Elective	24197	National Certificate: Corrections Science	Level 4	Level TBA: Pre-2009 was L4	Passed the End Date - Status was "Reregistered"	2009-02-18	Was SAS SETA until Last Date for Achievement
Elective	20884	National Certificate: New Venture Creation (SMME)	Level 4	NQF Level 04	Passed the End Date - Status was "Registered"	2005-04-10
Elective	24396	National Certificate: Risk Management	Level 4	NQF Level 04	Passed the End Date - Status was "Registered"	2006-10-08	Was INSETA until Last Date for Achievement
Elective	57631	National Certificate: Radiation Protection	Level 5	Level TBA: Pre-2009 was L5	Reregistered	2023-06-30	EWSETA
Elective	74149	National Certificate: Supply Chain Management	Level 5	NQF Level 05	Reregistered	2023-06-30	TETA

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD:

This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.

1.	Academics Dynamics (Pty) Ltd
2.	Academy of York Pty Ltd
3.	AGB MATHE BUSINESS SERVICES
4.	Aldabri 106 Institute for Quality Pty Ltd
5.	Alika Investment CC
6.	ALL CONNECTIONS TRAINING AND CONSTRUCTION (PTY) LTD
7.	AMBROSER SOLUTIONS (PTY) LTD
8.	BHP BILLITON ACADEMY
9.	BPL Academy
10.	BRIGHT IDEA PROJECTS 447 PTY LTD T/A MIND -THE- GAP
11.	Brilliant Skills Development & Training Solutions
12.	Business Management Training College (Pty) Ltd
13.	CHILUTSI TRADING ENTERPRISE
14.	Circleway College
15.	CITIVIEW TRADING AND PROJECTS
16.	City of Cape Town - Maitland Training Centre
17.	COMMERCE EDGE SOUTH AFRICA PTY LTD
18.	Correctional Services Dept
19.	CTC COLLEGE (PTY) LTD
20.	DB Schenker Logistics Campus NMEA Pty Ltd
21.	Dee-Bravo Training Centre
22.	DINALEDI MANAGEMENT AND SERVICE
23.	DINALEDI MANAGEMENT AND SERVICES
24.	Diversity technology Training Institute
25.	Edu Wize Group Pty Ltd
26.	ELECTRICAL SKILLS PTY LTD
27.	ELECTRICAL TRAINING CONSULTANTS
28.	EMANZINI STAFFING SOLUTIONS (PTY) LTD
29.	End 2 End Supply Chain Academy
30.	ERGO MAPHELONG INSTITUTE (PTY) LTD
31.	ESKOM DISTRIBUTION CENTRAL REGION BRAAMFONTEIN
32.	ETHEKWININ MUNICIPALITY- SEACOW LAKE
33.	EZTrade 441
34.	GET SMARTER
35.	Global Maritime Legal Solutions Pty Ltd
36.	HIZONEX PTY LTD
37.	HWM CONSULTANCY (PTY) LTD
38.	Imperial Logistics & Transport A Div Of Imper
39.	INDLELA - (OLD COTT) - OLIFANTSFONTEIN
40.	INFINITE DIMENSION CONSULTING
41.	INFRASTRUCTURE CONSULTING ENGINEERS CC
42.	INGEN ENGINEERING PROJECTS
43.	IQRAAM DEVELOPMENT CONSULTANCY (PTY) LTD
44.	K Boneng Consulting Services
45.	Khula KL Development Services (Pty) Ltd
46.	Khulani HR Consultancy (Pty) Ltd
47.	KPI Consulting Pty LTD
48.	KVR TRAINING AND BUSINESS SOLUTIONS PTY LTD
49.	Learning Exchange Pty (Ltd)
50.	Maximum Dev Institute Primary Co-Operative Limited
51.	McLennan and Associates (Pty) Ltd
52.	Metro Minds
53.	Modern Technical College FET
54.	MUNICIPAL TRAINING & DEVELOPMENT INSTITUTE
55.	Nedbank Ltd
56.	New Business Solution Cosulting and Training Services
57.	NEW HOPE REVIVAL ORGANISATION
58.	NKANYEZI FOUNDATION
59.	NKR CONSULTING ENGINEERS
60.	NOKRAM (PTY) LTD
61.	NTANDOYAMI TRADING 137
62.	Open Learning Group
63.	PHATHUTSHEDZO CONNSULTING TRAINING PROVIDER
64.	Phephani Learnerships cc
65.	PIONEER BUSINESS CONSULTING (PTY) LTD
66.	PIONEERS SKILLS DEVELOPMENT INSTITUTE
67.	PMA Holding (Pty) Ltd
68.	PRAXIS TRAINING AND CONSULTANCY (PTY) LTD
69.	PRODUCTION MANAGEMENT INSTITUTE OF SOUTHERN AFRICA PTY LTD
70.	PROGRESSIVE SCHOOL OF BUSINESS AND ENGINEERING (PTY) LTD
71.	QUALITAS TRAINING CC
72.	Quantum Leap College Pty Ltd
73.	RAND WATER SCIENTIFIC SERVICES
74.	RCH Investments (Pty) Ltd
75.	Royal Impression Academy
76.	School of Shipping
77.	SISODZWA CONSULTING
78.	SIWAVILE TRADING (PTY) LTD
79.	SKILLS TRAINING RESOURCES GROUP
80.	Tata Steel Skills Training Centre
81.	TEBS TRAINING
82.	THE FINISHING COLLEGE (PTY) LTD
83.	THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD
84.	TONDOROX (PTY) LTD
85.	Uitenhage Despatch Development Initiative
86.	UKWAKHILE TRAINING
87.	Velile Supply Chain Consulting
88.	VSL General Trading CC
89.	WHSE Training College (Pty) Ltd