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Inventory Management
Essentials
BEST PRACTICE INVENTORY MANAGEMENT PRINCIPLES & TECHNIQUES
This two-day program provides operational knowledge and understanding of best
practice inventory management principles and techniques. Participants will leave the
program with an ability to better manage their inventory and appreciate the import of
their inventory decisions on the business.
Brisbane: 11 & 12 May 2015
KEY OUTCOMES

Understand the role and management of inventory and its impact on your
business’ competitive advantage

Define an inventory management strategy and process for inventory decisions
in your business

Develop an effective plan for inventory replenishment

Master techniques for better inventory accuracy and performance
9:00am – 4:30pm
Venue:
PROGRAM CONTENT
TBC
Mastering the fundamentals of inventory management

Defining inventory management

Clarifying inventory management objectives & classes of inventory

Understanding the strategic inventory management process

Balancing demand and supply objectives

Considering inventory trade-off decisions

Inventory and demand flow
Defining the purpose and function of inventory

Clarifying the purpose of inventory & defining functions

Identifying components of inventory decisions

Defining cycle, safety and seasonal inventory

Inventory and cost management

Stockout cost & capacity associated costs

Inventory valuation and surplus or obsolete inventory
Managing inventory replenishment
apicsAU Limited

Independent vs. dependent demand

Continuous vs. periodic review
PO Box 249

Inventory replenishment principles & systems
Parramatta NSW 2124

Inventory ordering systems – visual review, two bin, periodic and order
point
Phone: 02 9891 1411

Calculating safety stock and determining order quantity
Toll free: 1300 557 175

Estimating costs in inventory replenishment
Fax: 02 9891 1220

Understanding the replenishment planning process
Techniques for improved inventory management and performance

Additional inventory management techniques

Inventory performance measurement

Inventory performance and control
E-mail: enquiries@apicsau.org.au
Website: www.apicsau.org.au
WHO SHOULD ATTEND
This course is suitable for practitioners responsible for the management of inventory,
including: Supply Chain Managers and Planners, Logistics Managers, Inventory
Managers, Inventory Planners, Schedulers, Operations and Manufacturing Managers.
Although the program covers some basic inventory principles, it does also deal with
more advanced inventory management techniques and approaches. It is ideal for
participants who have some real-world experience or exposure to inventory
management or have undertaken some basic inventory training.
Inventory Management
Essentials
11 & 12 May 2015
9:00am - 4:30pm
FORMAT & RECOGNITION
This course is delivered in a workshop style format and participants will have an
opportunity to interact and benefit from the collective wisdom of the group. A number
of case studies and worked examples are included to ensure a real understanding of
the principles and techniques covered in the program
Venue:
TBC
The course is based on the internationally recognised APICS Body of Knowledge. The
content is drawn from the APICS Principles of Operations Management program and
students receive a comprehensive workbook covering these units.
Participants in this program receive an apicsAU Certificate of Attendance.
ABOUT THE FACILITATOR: DAVID WILLIAMS
B.Comm(Mgt), Dip BOM, Cert IV TAE, CPIM, CSCP, CS&OP, C.P.M.
Managing supply chain, inventory, purchasing and procurement, David Williams has
enjoyed an extensive career in the Manufacturing, Retail and Service industries,
starting his career with an automobile manufacturer as a Cycle Counter before moving
onto Materials Controller. Over the next 30+ years in a Distribution Centre, and in
Supply Management roles, he has lead teams in the implementations of Best Practice
manufacturing and distribution inventory and production planning systems. The results
have strongly contributed to not only improving the financial health, operational
efficiency, and customer service of organisations he worked with, he has also played a
crucial role in saving a company forced into receivership through severe cash flow
problems caused in large part by excessive slow-moving inventory holdings.
Earn 12 APICS Certification
Maintenance points
David currently serves on the Queensland Chapter committee of apicsAU,
and has been lecturing CPIM (Certified in Production & Inventory
Management) and Cert IV in Purchasing and Contract Management
courses for over eight years.
REGISTRATION FORM: INVENTORY MANAGEMENT ESSENTIALS
Fees: (GST incl)
Attendee Details
 apicsAU Members: $880
 Non-members: $1100 (includes 1 year membership*)
Full Name:
Position Title:
Company:
Phone:
Email:
Billing Address:
 Business
 Home
Street / PO Box:
Suburb:
State:
Postcode:
Payment Details:
Credit Card: Card Number:
Expiry Date:
Cardholder’s Name:
Phone: 02 9891 1411
Fax: 02 9891 1220
Office hours: 9am to 5pm (EST)
Monday to Friday
Signature:
Post:
PO Box 249
Parramatta NSW 2150
Direct Deposit:
Account Name: Australasian Production &
Inventory Control Society Limited
BSB: 062-757 Account Number: 2800-3354
* This form is deemed to be a membership application for non-members.
All registrations will be acknowledged by email. Please refer to the Terms & Conditions published on the apicsAU website.