Lesson Plan for Senior Secondary 1 - Store Keeping - Types Of Inventory Control I

**Lesson Plan for Store Keeping: Types of Inventory Control** **Grade Level:** Senior Secondary 1 **Subject:** Store Keeping **Topic:** Types of Inventory Control **Duration:** 60 minutes --- ### **Objectives:** By the end of this lesson, students should be able to: 1. Define inventory control. 2. Identify and describe different types of inventory control. 3. Explain the importance of inventory control in storekeeping. 4. Compare and contrast various methods of inventory control. ### **Materials Needed:** - Whiteboard and markers - PowerPoint slides or a projector (optional) - Handouts with key terms and definitions - Sample inventory forms - Case studies or examples of businesses with different inventory control systems ### **Lesson Outline:** #### **1. Introduction (10 minutes)** - **Greeting and Attendance:** - Welcome the students and take attendance. - **Hook/ Icebreaker:** - Ask students if they have ever wondered how large businesses keep track of their stock. Create a link to real-life scenarios like grocery stores or pharmacies. - **Objective Overview:** - Briefly outline the objectives of the lesson. #### **2. Presentation (20 minutes)** - **Define Inventory Control (5 minutes):** - Explain what inventory control is: the process of managing inventory to ensure that the right quantity of supplies is available at the right time without overspending. - Stress its importance in preventing loss, reducing costs, and ensuring smooth business operations. - **Types of Inventory Control (15 minutes):** - **Perpetual Inventory System:** - Define and explain how it involves continuous tracking of inventory. - Discuss the use of technology and software in maintaining perpetual inventory. - **Example:** Large retail stores like Walmart. - **Periodic Inventory System:** - Define and explain how it's based on physical counts of inventory at regular intervals. - Discuss its simplicity and cost-effectiveness for small businesses. - **Example:** Small independent bookstores. - **Just-In-Time (JIT) Inventory System:** - Define and explain how inventory arrives only when needed. - Highlight its efficiency in reducing storage costs but also discuss risks like delays. - **Example:** Automobile manufacturers like Toyota. - **ABC Analysis:** - Define and explain how it categorizes inventory into three categories (A, B, and C) based on importance and value. - Discuss how focusing on 'A' items can significantly impact the overall success. - **Example:** Pharmaceutical companies. #### **3. Activities (20 minutes)** - **Group Discussion (10 minutes):** - Break students into small groups. - Provide each group with a case study or example business scenario. - Ask them to identify which type of inventory control would be most beneficial for the given scenario and why. - Have one representative from each group present their findings. - **Individual Activity (10 minutes):** - Distribute handouts with sample inventories. - Ask students to determine which type of inventory control might be most effective for managing the listed items. - Facilitate a brief discussion on their choices. #### **4. Review and Assessment (5 minutes)** - **Review Key Points:** - Reiterate the definitions and types of inventory control. - Ask a few students to summarize key points. - **Quiz:** - Conduct a quick oral or written quiz to assess students' understanding. - Example questions: - What is the main advantage of a perpetual inventory system? - How does Just-In-Time inventory control reduce costs? #### **5. Closing (5 minutes)** - **Q&A:** - Open the floor for any questions or clarifications from the students. - **Homework Assignment:** - Ask students to write a short essay explaining which inventory control method they believe is most effective and why. - **Wrap-Up:** - Thank the students and briefly preview the next lesson's topic. ### **Reflection:** - Ensure to note which segments of the lesson were most engaging for the students. - Assess the understanding based on quiz results and group discussions. - Adjust future lessons based on students' comprehension and feedback. --- This lesson plan aims to provide Senior Secondary 1 students with a comprehensive understanding of various inventory control methods, their benefits, and real-life applications.