### Lesson Plan: Inventory Management for Senior Secondary 1 Students
#### Subject: Store Keeping
#### Topic: Inventory Management
#### Duration: 60 minutes
#### Level: Senior Secondary 1
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### Objectives:
By the end of the lesson, students will be able to:
1. Define inventory management.
2. Understand the importance of inventory management in store keeping.
3. Identify different methods of inventory management.
4. Explain the basic concepts of stock levels, reorder points, and lead times.
### Materials Needed:
- Whiteboard and markers
- Projector and computer for presentation slides
- Handouts with key concepts and definitions
- Examples of inventory management records/templates
- Short video clip on inventory management (optional)
- Notebooks and pens for students
### Lesson Structure:
#### **Introduction (10 minutes)**
1. **Greeting and Attendance (2 minutes)**
- Teacher takes attendance and greets students.
2. **Introduction to the Topic (3 minutes)**
- Start with a brief discussion about store keeping and its elements. Lead into the specific topic of inventory management.
- Ask a few students to share what they think inventory management involves.
3. **Lesson Objectives (2 minutes)**
- Clearly state what students will learn by the end of the lesson.
4. **Engagement Activity (3 minutes)**
- Show a short video clip or relate a real-life example of inventory management to capture interest.
#### **Instruction (20 minutes)**
1. **Definition and Importance of Inventory Management (5 minutes)**
- Define inventory management.
- Discuss its importance in store keeping and overall business operations.
2. **Methods of Inventory Management (10 minutes)**
- Introduce several methods such as Just-In-Time (JIT), Economic Order Quantity (EOQ), ABC Analysis, and perpetual inventory system.
- Use visual aids like charts and slides to explain these methods.
3. **Key Concepts (5 minutes)**
- Explain key concepts including stock levels, reorder points, and lead times with practical examples.
- Demonstrate how these aspects impact the efficiency and cost-effectiveness of store operations.
#### **Activity: Interactive Exercise (15 minutes)**
1. **Group Work (10 minutes)**
- Divide students into small groups and give each group a scenario involving inventory management challenges.
- Each group will determine the best inventory management method and justify their choice.
2. **Group Presentations (5 minutes)**
- Each group presents their scenario and solution.
- Encourage peer feedback and facilitate a brief discussion after each presentation.
#### **Review and Q&A (10 minutes)**
1. **Quick Recap (5 minutes)**
- Summarize the key points covered in the lesson.
2. **Question and Answer Session (5 minutes)**
- Open the floor for any questions students might have.
#### **Closing (5 minutes)**
1. **Assignment (2 minutes)**
- Assign a homework activity: Students will create a simple inventory management plan for a hypothetical small business.
2. **Wrap-up (3 minutes)**
- Thank students for their participation.
- Briefly preview the next lesson topic.
### Assessment:
- Observation during group activities and presentations.
- Checking the comprehension of the topic through Q&A.
- Evaluating the submitted homework for understanding and application of inventory management concepts.
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### Notes for the Teacher:
- Ensure each student participates in group activities.
- Provide additional resources for students who might need extra help.
- Be prepared with extra examples or case studies in case there is time left.
This lesson plan aims to provide a comprehensive introduction to inventory management in the context of store keeping, engaging students with interactive exercises and real-world applications.