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• Aims
• Who should attend
• Programme
• Speakers / Facilitators

• Fees information
• Other information
• Request accommodation
• Terms and conditions
• Venue details

Aims

PRM as a go-faster capability

The good news is that it is not all doom and gloom: there is a positive side to risk management. Just as having brakes on your car enables you to drive more safely and, if you wish, nearer to the limit … so PRM works in the same way. Smart companies know that a good PRM system improves their anticipation of the unexpected and enables them to make finer judgements. As a minimum ‘running a risk’ becomes ‘contingency planning’ … whilst a superior ability to handle whatever the world throws at you puts you ahead of your competitors.

Several surveys show that procurement risk management (PRM), despite its importance, is surprisingly under-developed. Further research has discovered that 50% of enterprises lack formal metrics and procedures for assessing and managing supply risks. One approach is to ignore the whole topic, in which case you will be in the good company of 70% of European companies surveyed who have chosen (although probably not deliberately) to do just that.

In contrast the recently-published ‘Global Risks 2008’ report has pinpointed supply chain vulnerability as one of the four key global risks for the next decade. But what is not so well known is that this is only half of the story … risk exposures also exist inside the company and can be just as damaging.

Risk Management is a subject that is long on words, full of different interpretations, and often short on actual help. But in his characteristic way, Dick Russill takes a fresh and concise look at the subject and offers a lively and structured approach to assessing your company’s PRM state-of-health and then doing something about it. ‘Third party, fire and theft’ may be OK for some companies, but this MasterClass is possibly the only forum presenting the fully comprehensive package. The benefits? … not just insurance but also competitive advantage.

By the end of the day you will:

• have a clear, comprehensive understanding of the definition and scope of procurement risk management (PRM)
• possess a tool for identifying risks in 5 distinct operational areas
• have performed a self-assessment of your own company’s risk management coverage and had ample opportunity to table your specific needs, questions and improvement plans
• have had sight of at least 70 different procurement-related risks and their potential solutions
• have participated in a lively programme of structured analysis and discussion allowing you to benefit from the experience of like-minded participants and the MasterClass facilitator
• be part of a network of practitioners with whom to share ideas and experiences in future.

Who should attend

The programme is designed for private or public sector senior executives of all persuasions who have authority to influence what happens in their company, be it from a commercial, operational, financial, legal or audit viewpoint.

It will particularly appeal to those who are contemplating, or responsible for, making changes which will improve the integrity and sure-footedness of their business operations, using procurement transformation as the catalyst to achieve superior performance.

Programme

Speakers / Facilitators

Dr Richard Russill

Dr Dick Russill operates internationally as a presenter, writer and hands-on resource helping companies to improve their business performance, profitability and competitiveness through high-impact sustainable procurement. His career to date has involved direct management roles in global companies, and consultancy. In both spheres he has experience of creating highly productive and motivated teams delivering lower costs, profit improvement and strategic supplier management for the benefit of the business.

Dick has published widely and writes the Executive Coach column for CPO Agenda.. His book ‘Purchasing Power’ is acclaimed as “one of the most useful, insightful and thoughtful books that a sourcing professional will encounter.” He created the Centre-Led Action Network organisational concept ('CLAN’) and was honoured to receive the prestigious CIPS Swinbank Award for his outstanding contribution to the profession and for carrying its message into the business community at large. His latest article was published as the cover feature in the Spring 2008 edition of CPO Agenda and is entitled “At the helm or all at sea? … why it is time to abandon procurement’s savings myopia and the service mindset.”

Fees information

£643 + VAT Members
£715 + VAT non-members

 Fees include, refreshments, lunch and event paperwork.

This event can also be run on an in-company basis.

Other information

Continuing Professional Development

In support of our commitment to lifelong learning, CIPS encourages all members to actively participate in Continuing Professional Development (CPD). The new online CIPS CPD scheme enables individuals to record in a structured way how they have maintained, improved and extended their professional, technical or managerial knowledge and skills.

Participation in all CIPS events may contribute towards the scheme as evidence of continued learning.

For further details of the new scheme, please email the CPD team at cpd@cips.org or go towww.cips.org

Request accommodation

If you require accommodation the night before an event please contact our agent Conference Care using the form below. All accounts must be settled in full on departure.

Terms and conditions

Confirmation Acknowledgement of the booking request is emailed immediately the request is received by CIPS. Confirmation of a delegate's place on an event will be sent by post within seven working days of receipt of booking.

Booking Whilst we always try our best to fit late delegates onto our events, you are advised to book early. To book, please complete a booking form and return it to CIPS with the appropriate fee, purchase order number or other authenticating reference. Where an invoice is to be addressed to a company rather than the delegate(s) the booking must include a purchase order number or other authenticating reference.

Payment Fees must be paid within 30 days from date of invoice. Cheques should be made payable to 'CIPS'. CIPS accepts the following major credit cards - Visa, Mastercard, American Express and Switch / Maestro debit cards.
In the case of late bookings payment must be made prior to attendance of the event. If payment is not made prior to the delegate attending the event we reserve the right to refuse admission until payment has been made in full.

Please Note: We understand and will exercise our statutory right to interest and compensation for debt recovery costs under the late payment legislation if we are not paid according to the above credit terms.

VAT Fees quoted are exclusive of VAT, which will be shown separately on the invoice.

Joining instructions Joining instructions including venue location are sent at least ten days before the event.

Event documentation All delegates are provided with comprehensive notes and handouts. Please note that all event literature is copyrighted and may not be reproduced without permission.

Programme CIPS reserves the right to make unavoidable changes in the programme. Should an event be cancelled, delegates will be notified at least four week prior to the event. CIPS will not accept any liability for any expenses incurred by the delegate(s) or employer(s) prior to this period of notice.

Specific needs CIPS aims to ensure that its events are accessible to all. If you have any specific needs, please advise us at the earliest possible time and we will contact you to discuss your requirements.

Venues Venues are sourced and visited ensuring that CIPS standards are met. Venues are normally hotels with good conference and leisure facilities or dedicated conference centres.

Accommodation If you require accommodation the night before an event please contact our agent Conference Care on 02476 369 737 or email cips@conferencecare.com quoting you are attending a CIPS event. In the case of an event taking place in an hotel, preferential rates will have been negotiated. If the event takes place in a dedicated conference centre, the centre will be able to recommend accommodation within a convenient distance. 

Cancellations
Where a firm booking has been accepted by CIPS and is subsequently cancelled, the customer will be liable for the following charges:

All cancellations must be received in writing; for cancellations received 5 weeks prior to the event date the fee will be refunded; within five to three weeks the fee will be refunded less a 30% administration charge; within three weeks or less no refund can be made.

Transfers In the event that a booking is transferred and falls within the above terms; a 10% administration fee will be charged for the period between five and three weeks; three weeks or less no refund can be made. Transfers can be made to any event within a 6 month period.

Substitution may be made at any time.

Site security This site uses SSL encryption technology when taking your payment details which are then encrypted on our database. You can check the security of the site by clicking on its GeoTrust Security Certificate icon, which appears on pages where secure information is submitted. Once the order has been processed your payment details are wiped from our database.

Non-EU delegates
CIPS welcomes delegates from overseas but if you are resident outside the European Union (EU) you should ensure that you have a valid visa and can comply with all immigration requirements before applying for a CIPS course.
Please note that CIPS Training Courses do not qualify you for a student visa or for entry to the UK or other EU countries. Visa information is given on www.ukvisas.gov.uk If you wish to apply for entry to the UK you should contact your nearest British Mission that offers a visa service. A full list of UK Overseas Missions is given on www.fco.gov.uk

CIPS cannot process bookings from outside the EU without full payment in advance. Once payment has been made cancellation fees are payable in accordance with our terms and conditions. If you do not have a visa before applying and you are unable to obtain one, cancellation fees will be levied.

Any other expenses, including travel and accommodation, are the responsibility of individual delegates.

Data Protection Notice CIPS will hold your contact details on its database. Your data will never be sold or released to a third party to use for their own purposes. CIPS will retain your data and will use it only to communicate with you on CIPS-related issues and to provide information that may be of use to you for the future. Details of the CIPS Code of Practice and Security Statement for Data Protection can be seen on the CIPS website (www.cips.org) or obtained in hard copy from any member of the training team. CIPS commits that its policy and security statement on Data Protection applies equally to members and non-members. For the CIPS code of practice please visit the above website.

Trademark CIPS, The Chartered Institute of Purchasing & Supply and its logo are all trademarks of the Chartered Institute of Purchasing and Supply.

Venue details

2011 to be advised

Or call us on 01780 756777

Cost per person £643.00 Members / £715.00 Non-Members

Booking ends 10 June 2011 - 12 places remaining.