Methods of stock control

Explain different methods of controlling stock;
Explain the different levels of control;
Explain different ways of issuing stock.
Introduction to stock control

Define stock and stock control;
State the importance of stock and stock control;
List and explain different types of stock;
List and explain different stock records.
Transportation

Define transportation;
List and explain the different means of transportation;
State the advantages and disadvantages of different means of transportation;
Explain the factors that determine the choice of transportation.
Warehouse

Identify different types of warehouse;
Describe the types of warehouses;
Explain the importance of warehousing.
Concepts of wholesaling

Define wholesaling;
Explain the functions of a wholesaler
Concept of retailing

Define retailing/retailer
Explain the functions of retailing/retailer
Consideration in establishing a store.

Identify and describe the factors to be considered in establishing a store.
Primary function s of management as they relate to store management

Explain the primary functions of management as they relate to store management.
Components of store managements

Define store management;
Explain the fundamentals of store management.
Idea generation and incubation

Choose a type of business in store keeping.
Conduct a feasibility study on the type of business to be established.
E- requisitioning

Use computer to make requisition.
State trends in requisitioning.
Electronic warehousing (e- warehousing)

Use the computer for inventory management.
Preparation of warehousing documents

Prepare commonly used warehousing documents.
– Bin cards
– Stock records etc.
Warehousing projects

Choose goods to be warehoused.
Choose warehousing method.
Terminology

Identify the terminologies in store keeping.
Use common terminologies in store keeping.
Handling of equipments and facilities

Take care of storage facilities by keeping them clean.
Use a.ppropriate storage facilities to avoid damage to materials
Roles and qualification of a store keeper

Describe the roles of a store keeper.
State the qualifications for different positions in store keeping.
Write the duties and responsibilities of a store keeper.
Identify skills for store keeping.
Enterpreneurship

State and explain the different entrepreneur ship skills.
Identification of stores

State the need for identification of stores
Classify materials in a store.
State codification systems.
Code materials in a store.
Valuation of stocks

Students should be able to: state the meaning of valuation of stock.
Explain reasons for valuation of stock.
State and explain the methods of valuation of stock.