StudyPath

PSM 122 Stores Administration II

HND1 levelManagement & Administration19 topics

PSM 122 covers 19 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Inventory and stock control
  2. Stock control methods
  3. ABC analysis
  4. Store identification and coding
  5. Store vocabulary and master stock list
  6. Marking of stores
  7. Stock records and control principles
  8. Stock valuation and stores accounting
  9. Store costs and budgeting
  10. Pricing methods: FIFO and LIFO
  11. Stock taking and stock checking
  12. Stock discrepancies and obsolescence
  13. Computerized stock control
  14. Methods of issuing stores
  15. Pricing of issues
  16. FIFO
  17. LIFO
  18. Inventory and stock taking
  19. Excel-based store documentation

A sample from this course

One topic, as StudyPath teaches it.

Inventory and stock control

Inventory and stock control in Stores Administration II focuses on the systematic management of goods to meet demand while minimising costs. Mastering methods such as FIFO, LIFO, weighted‑average costing, Economic Order Quantity (EOQ), reorder points, and safety stock calculations is essential for accurate reporting, efficient operations, and passing the NUC CCMAS/ NBTE/NCCE exams.

What you get for PSM 122