Observation

1. Comment

   Most of the candidates attempted this question and the performance was very encouraging.

   The responses expected from candidates are:

    

   1(a)      Explanation of terms

   1. Work-in-progress:  This refers to raw materials that have undergone changes in the production process. They are partly (Semi) finished goods and are usually the first set of product to be completed during the next production period. These are incomplete items in the course of manufacturing.

   ii.        Raw materials: These are basic materials which will undergo changes through manufacturing processes in the course of being incorporated into finished product.
   iii.        Economic order quantity: This is the optimal quantity of stock to be ordered at a time in order to keep the total ordering cost and carrying cost at a minimum.
   iv.        Minimum stock level: This is a level below which stock should not be allowed to fall. If order is not placed when stock reduces to this level, the company may run out of stock.
   v.         Average stock: This is the average quantity of stock held by organisation for a given period of time. It is a level above minimum stock level and below the maximum stock level. This is calculated by adding opening stock and closing stock then dividing by two.                                                                                                                                  
   (b)        Duties a Storekeeper will perform in a supermarket.
               A Storekeeper would:
   i.          inspect and receive goods into the store;
   ii.         fix and monitor stock levels for different items in the supermarket;
   iii.        issue goods from the store to the supermarket;
   iv.        arrange stock on shelves of the store;
   v.        conduct regular stock-taking of all items in the store;
   vi.        prepare purchase requisition when goods reach re-order level;        
   vii.       submit report on slow and fast moving items to management for decision making;
   viii.      update records of stock items on Bin card and Stores Ledger;
   ix.        ensure that the store is kept tidy at all times;
   x.         ensure demand for goods from store are backed up with requisition note duly authorized;
   xi.        ensure regular replenishment of goods in the supermarket;
   xii.       ensure the safety of items in the store;
   xiii.     restrict unauthorized people from the store of the supermarket;
   xiv.      weigh and classify the goods in the supermarket;
   xv.       ensure to count and grade goods in the supermarket;                        
   xvi.      ensure to code materials in the supermarket.                                                 

   .