Encoding: This is the first step in creating a memory. It's like taking in raw materials at the warehouse door (your senses) and deciding how they will be stored.
Retrieval: This is the process of getting information out of memory storage. Like finding and pulling out the right box from your warehouse when it's needed.
Consolidation: This is the process by which short-term memories become long-term memories. It's like moving boxes from temporary storage to permanent storage in your warehouse.