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Save 15% off Brightstar owned or partnered conferences and training courses – use promocode ‘SPRING15’ at checkout. View All Events.
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Advanced Inventory Management

Advanced Inventory Management

Thanks to global sourcing, companies are pressured with shorter lead times, more variable factors and higher carrying costs. To keep costs down, companies need to accurately predict their inventory demands and improve processes to meet monetary and time concerns.

Advanced Inventory Management will simplify the mystique of inventory management, It removes the  uncertainty that most inventory managers have between meeting customer expectation while at the same time optimising inventory levels to please stakeholders.

All participants will create their own action plan to go back into the workplace with and the tools to make a real difference!

New skills you will learn

  • How to Enhance your forecasting process
  • How to determine which inventory management system works best for your organisation
  • How to Eliminate dead stock and get slow-moving inventory out the door
  • Keeping inventory management costs down and find out why effective logistics management is vital to the company’s competitive advantage
  • How to create a cycle-counting programme that could eliminate your annual inventory
  • Improving operations’ efficiency, reduce waste and meet the challenges of global competition

Who should attend?

This training course is aimed at those with a medium or higher level of inventory experience, these roles might include:

  • Inventory Managers
  • Inventory Controllers
  • Purchasing Procurement Managers
  • Buyers
  • Managing Directors of Smaller Companies who want an understanding of inventory
  • Warehouse Managers
  • Logistic Managers
  • Supply Chain Manager

Past Attendee Testimonials

The course was very comprehensive and the tutor was very knowledgable.

Garth Costar, Purchasing Officer, Holcim

Keith is an excellent facilitator, full of knowledge and wonderful ideas. This makes the learning process as easy as possible.

Edmund Gomes, Supply Chain & Logistics Manager, Independent Building Supplies Ltd
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Understanding materials forecasting and inventory management

  • Definition and scope of inventory management
  • Business conditions and financial implications of inventory
  • Inventory in the supply chain including the effects such as the ‘Bull Whip’ principle
  • Planning versus Forecasting
  • Delivery promise

Current demand systems

  • Dependent demand systems
  • MRP
  • Seasonal volume prediction
  • Problems that can occur with MRP systems
  • Re-order point
  • Economic Order Quantity (EOQ)
  • Periodic review systems
  • Kanban

Fundamental key steps in managing inventory

  • ACB classification
  • Utilising pareto
  • Different ways to classify inventory
  • Service levels
  • Safety stocks
  • Redundant stock and it’s removal

Inventory management and performance measuring tools

  • Inventory measurements
  • Common events that create inventory inaccuracy
  • Cycle counts
  • Net variances versus absolute variances
  • Aids to improve inventory accuracy
  • Barcoding

Forecasting

  • Understanding demand behaviour and characteristics of inventory
  • Forecasting techniques
  • Sales & operations planning
  • Evaluating forecasting accuracy
  • Understanding forecasts and managing key relationships within the supplier customer cycle

Forecasting models and systems

  • Various models to consider
  • ERP systems

Considerations for supply chain strategy for inventory

  • Inventory focus
  • Who is responsible in the business?
  • Different views of inventory
  • Strategic inventory decisions

Financial implications

  • Inventory velocity: turns ratio
  • Carrying cost (inc. effect on margin, implications if slow moving stock)

Inventory reduction

  • A series of steps to be outlined for course participants to follow

Improvement plans for inventory management

  • Root Cause Analysis methods
  • KPI creation and management
  • 5S

Keith has over 20 years of supply chain experience working in New Zealand and Europe. He has worked in industries as diverse as automotive, plastics, pharmaceuticals, timber, electronic, clothing and distribution.Keith consults on a very broad range of senior management, health and safety and supply chain management issues, offering strategic advice and training on all facets of supply with a “sustainable lowest total cost” focus. He is the President of the Chartered Institute of Logistics and Transport (CILT).

Keith has presented at conferences both in New Zealand and internationally, has lectured at a tertiary level and is also involved in NZQA assessment. He facilitates the internationally recognised C.P.M. (Certified Purchasing Manager) qualification in New Zealand. 

Health & Safety

Keith has been a Health and Safety Manager for 20 + years in a variety of different organisations.  Originally working in the supply chain sector, Keith has embedded sound H&S systems in a wide variety of industries – for instance: manufacturing, distribution, hospitality, panel and paint, schools, food and even the volunteer sector. The majority of Keith’s time recently is helping organisations get ready for the new health and safety legislation; writing manuals, consulting, training and writing board papers. What he has found is that every organisation has different hazards and issues, which affects the way they have to apply the new legislation.  Keith has worked with issues such as:

  • When an employee needs to carry firearms as part of their role
  • Staff having to cope with very aggressive and intoxicated members of the public
  • Trying to manage the H&S of hundreds of volunteers in a hazardous environment
  • H&S for staff handling large sums of cash
  • The medical profession with drugs and needles
  • 50+ stores people in one company picking from height
  • Management of H&S in relation to event management
  • Loan workers and working at night in isolation

Keith Robinson

Facilitator - Procurement, Supply Chain & Distribution

Course dates to be announced

Contact us
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Brightstar Spring Sale Promotion Terms & Conditions

1. The Offer

This promotional offer is for a 15% discount on the current advertised price of eligible Brightstar owned and partnered conferences and public training courses.

2. Promotional Period

The Spring Sale promotion is valid only from 13 October 2025 through 15 November 2025 (the “Promotion Period”).
All course and conference registrations must be fully completed, paid for, and confirmed by Brightstar within the Promotion Period to qualify for the discount.

3. Eligibility and Redemption

3.1 Eligible Products

The discount applies only to the standard price of Brightstar’s public training courses and conferences as listed on the Brightstar website.

3.2 How to Redeem

To receive the 15% discount, customers must enter the promotional code SPRING15 during the checkout process.

3.3 Exclusions and Limitations

The discount does not apply to, and cannot be used for:
• Custom, private, or in-house training programs.
• Courses or conferences already registered for, or attended, prior to the Promotion Period.
• Any associated costs, including but not limited to, taxes, travel, or accommodation.

3.4 Discount Stacking

This 15% discount cannot be combined with any other offer, promotion, coupon, or discount code. If an eligible course is already subject to another discount, the customer will receive the greater of the two discounts, but not both.

4. Payment and Enrollment

4.1 Full Payment Required

Full payment of the discounted course or conference fee is required at the time of registration. Enrollment is not confirmed until full payment is received and processed by Brightstar.

4.2 Standard Terms Apply

All bookings are subject to Brightstar’s standard terms and conditions of sale for training and conferences, which are available here.

5. Transfers, Cancellations, and Refunds

5.1 Refund Policy

In the event of a cancellation or request for a refund, the refund amount will be calculated based on the actual discounted price paid by the customer, not the original standard price. Standard Brightstar cancellation policies apply.

5.2 Registration Transfers

If a registration is transferred to another individual, no further or additional discount will be applied to the new registration.

6. General Provisions

6.1 Right to Modify

Brightstar reserves the right to modify, suspend, or terminate this promotion, including these Terms and Conditions, at any time without prior notice. However, all registrations completed and fully paid for prior to such modification or termination will be honored.

6.2 Acceptance of Terms

By proceeding with a registration using the promotional code [SPRING15], the customer agrees to be bound by these Terms and Conditions.