Discuss the role of stocktaking in ensuring inventory accuracy US

This unit standard is required by people working in the manufacturing environment who need to know why stocktaking is performed, and to use the variety of stocktaking processes to check stock. They will also be able to perform stock reconciliation.

Learners credited with this unit standard are able to:
Discuss the reasons why stocktaking is performed.
Discuss periodic stocktaking.
Discuss perpetual stocktaking.
Explain the control group approach to stocktaking.
Discuss stock reconciliation.