### Lesson Plan: Inventory Control
#### Subject: Store Keeping
#### Level: Senior Secondary 1
#### Duration: 60 minutes
---
**Objective:**
By the end of the lesson, students should be able to:
1. Understand the concept of inventory control.
2. Explain the importance of inventory control in storekeeping.
3. Identify various methods of inventory control.
4. Apply basic inventory control techniques.
---
**Materials Needed:**
- Whiteboard and markers
- PowerPoint presentation or slides
- Handouts with case studies
- Inventory control worksheet
- Projector
- Example inventory records
---
**Lesson Structure:**
### Introduction (10 minutes)
1. **Greeting and Roll Call** (2 minutes)
2. **Warm-up Activity** (3 minutes)
- Ask students: "Imagine you run a small store. How do you keep track of the items you sell and the items you need to restock?"
- Briefly discuss their responses.
3. **Lesson Overview** (5 minutes)
- Explain the objectives of the lesson.
- Introduce the concept of inventory control and its importance in storekeeping.
### Presentation (20 minutes)
1. **Definition and Importance of Inventory Control** (5 minutes)
- Define inventory control.
- Explain its significance in preventing overstock and stockouts, optimizing cash flow, and ensuring timely restocking.
2. **Methods of Inventory Control** (10 minutes)
- **Periodic Inventory System**: Briefly discuss counting inventory at regular intervals.
- **Perpetual Inventory System**: Explain real-time tracking using technology.
- **Just-In-Time (JIT) Inventory**: Introduce the concept of receiving goods only as they are needed.
- **ABC Analysis**: Categorize inventory into three classes (A, B, and C) based on their importance.
3. **Tools and Techniques** (5 minutes)
- Introduce inventory management software.
- Explain how to maintain inventory records manually using ledger books and spreadsheets.
### Activity (20 minutes)
1. **Case Study Discussion** (10 minutes)
- Divide students into small groups.
- Provide each group with a case study involving a store with inventory challenges.
- Ask each group to discuss and propose an inventory control method to address the problem.
- Each group presents their solutions.
2. **Hands-on Exercise** (10 minutes)
- Distribute an inventory control worksheet.
- Students individually practice entering data and calculating reorder levels using basic formulas.
### Conclusion (10 minutes)
1. **Recap** (5 minutes)
- Summarize key points from the lesson.
- Reiterate the importance of inventory control.
2. **Q&A Session** (3 minutes)
- Invite students to ask questions and clarify doubts.
3. **Homework Assignment** (2 minutes)
- Assign a homework task where students are to visit a local store, observe their inventory practices, and write a one-page report on their findings.
---
**Assessment:**
- Participation in group discussions.
- Accuracy and comprehensiveness of the hands-on exercise worksheet.
- Quality of the homework report.
---
**Reflection:**
- At the end of the lesson, take notes on what worked well and what could be improved for future lessons. Consider student engagement, clarity of explanations, and effectiveness of activities.
---
By following this lesson plan, students will gain a solid understanding of inventory control, its significance, and how to apply different methods to manage inventory efficiently.