SIRRMRM003 — Conduct a post-trade analysis

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What an assessment for SIRRMRM003 must cover

71 assessable components: 3 elements (14 performance criteria), 17 performance evidence and 38 knowledge evidence requirements, plus 2 foundation skills. An audit-defensible tool maps every question and task back to these — that mapping is the coverage matrix Auditori generates alongside the assessment.

Elements & performance criteria

1 Access post-trade information.

1.1Determine objectives of post-trade analysis and product category to be reviewed.
1.2Source financial and merchandise performance data from specified trading period.
1.3Source supplier performance data from specified trading period.
1.4Source customer and store feedback from specified trading period.
1.5Obtain summaries of promotional activity that occurred during the specified trading period.
1.6Review and make informed conclusions about competitor performance during the specified trading period.
1.7Consult with relevant stakeholders to seek input on merchandise performance for the specified trading period.

2 Analyse post-trade information.

2.1Confirm accuracy and integrity of performance information and data.
2.2Evaluate financial performance data against performance indicators to determine financial performance of the product category.
2.3Analyse post-trade information and data to develop evidence-based conclusions about merchandise performance.
2.4Identify strengths, weaknesses, opportunities and threats based on findings.

3 Report on findings.

3.1Document post-trade findings according to organisational requirements.
3.2Use findings to make recommendations for improved merchandise category performance.
3.3Communicate findings to relevant personnel.

Performance evidence

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and:
source and analyse the following post-trade performance information from a six-month trading period, for one product category:
financial performance
product performance
supplier performance
customer feedback
store feedback
competitor activity
promotional performance
use findings from the above analysis to document a post-trade analysis report identifying:
strengths
weaknesses
opportunities:
new
missed
threats
make recommendations for improved merchandise performance.

Knowledge evidence

Demonstrated knowledge required to complete the tasks outlined in the elements and performance criteria of this unit:
post-trade analysis:
purpose
role in informing merchandise strategy
performance indicators and their role in post-trade analysis:
financial:
sales
gross profit margin
Gross Margin Return on Investment
stock to sales
stockturn
sell-through rates
average sale price
unit sales
purchase margin
markdowns
stock availability
best and worst sellers
full-price, markdown and promotional
Stock Keeping Unit performance
product performance
supplier performance
promotional performance
competitor activity
key stakeholders and their role in post-trade analysis:
buyers
planners
production
visual merchandisers
stores
management
marketing
warehousing
customer
techniques used to interpret financial and performance information
types of conclusions that can be drawn from a post-trade analysis
types of recommendations made following a post-trade analysis
formats for post-trade analysis reporting.

Foundation skills

Numeracy skills: interpret complex retail financial data to determine financial performance of a product category.
Technology skills: access, document and communicate information using digital technologies and systems.

Unit content sourced from training.gov.au — © Commonwealth of Australia, licensed under CC BY 4.0. Auditori is not affiliated with the Department of Employment and Workplace Relations.

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Questions about assessing SIRRMRM003

What does an assessment tool for SIRRMRM003 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for SIRRMRM003 needs to address all 71 unit components: 3 elements with 14 performance criteria, 17 performance evidence requirements, 38 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for SIRRMRM003?

Auditori pulls the current release of SIRRMRM003 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for SIRRMRM003 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing SIRRMRM003 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of SIRRMRM003, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.

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