Lesson Notes By Weeks and Term - Senior Secondary School 2

Term: 3^rd Term

Week: 1

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:    Commerce

Topic:-      Warehousing I

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

1. Define warehousing
2. List the functions of warehousing
3. List the types of warehousing
4. Discuss the importance of each type

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION	TEACHER’S ACTIVITY	STUDENT’S ACTIVITY
STEP 1 INTRODUCTION	The teacher reviews the previous lesson on transportation	Students pay attention
STEP 2 EXPLANATION	She explains the meaning of warehousing She discusses the functions of warehousing	Students pay attention and participates
STEP 3 DEMONSTRATION	She lists the types of warehousing and discusses the importance of each type	Students pay attention and participate
STEP 4 NOTE TAKING	The teacher writes a summarized note on the board	The students copy the note in their books

 

NOTE

WAREHOUSING

Warehousing is the process of storing physical inventory for sale or distribution. Warehouses are used by all different types of businesses that need to temporarily store products in bulk before either shipping them to other locations or individually to end consumers.

 

FUNCTIONS OF WAREHOUSING

1. Storage:

Surplus commodities which are not needed immediately can be stored in warehouses. They can be supplied as and when needed by the customers.

2. Price Stabilization:

Warehouses play an important role in the process of price stabilization. It is achieved by the creation of time utility by warehousing. Fall in the prices of goods when their supply is in abundance and rise in their prices during the slack season are avoided.

3. Risk bearing:

When the goods are not stored in warehouses they are exposed to many risks in the form of theft, deterioration, exploration, fire etc. Warehouses are constructed in such a way as to minimise these risks.

4. Financing:

Loans can be raised from the warehouse keeper against the goods stored by the owner. Goods act as security for the warehouse keeper. Similarly, banks and other financial institutions also advance loans against warehouse receipts. In this manner, warehousing acts as a source of finance for the businessmen for meeting business operations.

5. Grading and Packing:

Warehouses nowadays provide the facilities of packing, processing and grading of goods. Goods can be packed in convenient sizes as per the instructions of the owner.

 

TYPES OF WAREHOUSING

There are two types of warehousing

1. storage warehousing: this is the storage of goods/products for a moderate/long period of time in an attempt to balance the demands and supply by manufacturers and consumers

 

IMPORTANCE OF STORAGE WAREHOUSING
1. It helps to lessen the transportation expenses of manufacturers

2. They have heavy machinery such as cranes, forklifts etc that can be used to load and unload cargos
3. they serve as depot for merchandise or other parts for manufacturing companies

 

1. Distribution warehousing: This is the storage of goods/products for a short period of time

IMPORTANCE OF DISTRIBUTION WAREHOUSING

1. it facilitates the assembling and redistribution of products within a short period of time
2. They can centralised(when located near the factory) or decentralised(when located near the market)
3. it has the flexibility to warehouse goods that are redistributed to wholesalers, retailers and/or directly to customers simultaneously

 

EVALUATION:   1. Define warehousing

2. State the functions of warehousing
3. List the types of warehousing
4. Discuss the importance of each type

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively