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Procurement risk management

Overview

Procurement risk management 

CPDHow to eliminate the risk of no risk management

 

By the end of this course you will be able to:

  • Demonstrate a clear, comprehensive understanding of the definition and scope of PRM
  • Understand how to identify risks in five distinct operational areas and why they are coming faster than ever
  • Identify how to deal with risks and develop techniques for effective PRM in a number of different risk management scenarios
  • Benefit from having performed a self-assessment of your own company’s risk management coverage and having had sight of at least 70 different procurement-related risks and their potential solutions.
Date: Thursday 09 November 2017
Venue: De Vere Colmore Gate
Fee: Members - £720.00 per person
  Non-members - £800.00 per person

Availability:

12 Places left - Booking ends on Wednesday 01 November 2017

Audience

Is it right for me?

 

Surveys show that despite its importance, procurement risk management (PRM) is surprisingly under-developed: 50% of enterprises lack formal metrics and procedures for assessing and managing supply risks. This one-day course takes a fresh and concise look at the subject, offering a structured approach to assessing your organisation's PRM state-of-health and helping you do something about it. It is designed for private or public sector senior executives with the authority to influence what happens in their organisation from a commercial, operational, financial, legal or audit viewpoint.

Programme

What key points will the training cover?

 

  • A clear definition and scope of procurement risk management
  • Potential sources of risk to the organisation
  • The difference between commercial and operational risk
  • Supply chain mapping and risk assessment
  • Risk elimination, avoidance and reduction techniques
  • Risk transfer and mitigation strategies
  • Contingency planning
  • Risk assessment and control techniques

Speakers

Dr Richard Russill operates internationally as an adviser, presenter and writer on business issues. His work with companies across all business sectors, public and private, large and small, complements his direct management experience with a global company in operations, industrial relations, negotiations, organisational development, engineering, and procurement.

Richard has published widely and his latest book “Purchasing Power” has been received with acclaim. He is creator of the Centre-Led Action Network organisational concept ('CLAN’) and is widely-known internationally as a speaker on this and other business issues. He was honoured by CIPS, presenting him with the prestigious Swinbank Award for his ‘outstanding contribution to the profession’ and for carrying its message into the business community at large.

Dr Russill’s aim in working with his clients is, with large companies, to re-establish entrepreneurial cultures and capabilities in pursuit of sustainable business success and, with small and medium-size enterprises, to successfully handle the challenges of growth.

Fee

Member: £720 (excl. VAT)

Non-member: £800 (excl. VAT)

 

Fee includes:

Lunch, refreshments and all course materials

 

Inclusive e-learning:

Project management and risk

Venue

9 November 2017
De Vere Colmore Gate, Birmingham

 

If you require accommodation for the night before an event, please use the form below. All accounts must be settled in full on departure.  Please indicate the course title in the 'Additional information' box.  Alternatively, you can contact the CIPS Accommodation Line on +44 (0)2476 369585.

If your query is regarding course details (content, timings, costs, etc.), please contact events@cips.org or call +44 (0)1780 756777.

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