Modern day risk
In light of the recent global malware attacks that had such a major effect on the UK National Health Service, and the British Airways IT systems collapse, the risk of cyber and terrorist attacks, and technology failure - both to an organisation's ability to operate and their reputation - seem never to be out of the news these days. The procurement profession has a leading role to play in guarding against such risk becoming reality and so this month we are devoting Update to this increasingly pressing issue.
Managing business-associated travel risk
When your key people are traveling the country or the world for business, it's increasingly important for your organisations' travel programme to take into consideration the risks involved.
Download our 'How to Guide’ on Business Travel Procurement and Category Management, developed in collaboration with ITM.
Mitigate the risk of malware attacks
The outbreak of the 'WannaCry' malware attack on May 12, 2017 was an eye-opener for governments, public sector institutions, businesses and individuals around the globe. The scale, reach, pace of spread and impact of the attack was unlike any other cyber attack before. This may only be the beginning and possibly a wake-up call for organisations and netizens across the globe.
Find out more about how, through our Knowledge Partnership with GEP, we provide information and resources to help you develop a structured category management approach, essential to mitigating supply risks.
Ensuring good governance to deal with risk through CIPS Corporate Certification Platinum
This month, we are pleased to publish new guidance for public procurement practitioners: a collaboration between CIPS and partners London Universities Purchasing Consortium (LUPC), the Business, Human Rights and the Environment Research Group at the University of Greenwich (BHRE) and Advanced Procurement for Universities and Colleges (APUC).
The guide offers encouragement for buyers, decision makers and opinion-formers to identify and understand the risks, develop appropriate mitigating actions and promote respect for human rights in public supply chains.
Download Protecting Human Rights in the Supply Chain
Essential steps to comply with new data protection law
As of 25 May 2018, new General Data Protection Regulation (GDPR) will apply in the UK ... and it's been confirmed that this won't be affected by Brexit. Here are some steps your organisation should be taking now to get ready:
Make sure key people in your organisation are aware the GDPR change is coming up
Carry out an information audit so you know what personal date you hold, including where it came from and who you share it with
Review your privacy information and plan to make any changes before 25 May 2018
Check to make sure your data procedures cover individuals' rights
Update your subject assess requests procedures in time for the new GDPR
Make sure you identify within the GDPR the lawful basis for processing personal data - and update your privacy information accordingly
Review and if necessary change how you seek, record and manage consent
Review whether you need to establish systems to verify individuals' ages and obtain guardian consent for any processing of children's data that's required
Check you have the right procedures for detecting, reporting and investigating personal data breaches
Familiarise yourself with the Information Commissioner's Office (ICO) Data Protection by Design and Data Protection Impact Assessments and the guidance from the Article 29 Working Party: www.ico.org.uk.
Make someone officially responsible for data protection compliance
If you carry out cross-EU-border data processing, use Article 29 Working Party guidelines to determine your lead data protection supervisory authority.
Data security is an essential investment
"If data is the most important thing your organisation has, it would be crazy not to take effective measures to secure this asset.” Mike Brojak, Vice President Innovation Labs
Find out more about just how critical Mike Bjorak believes this issue to be through our Knowledge Partnership with RS Components.
7 key actions to prevent bribery and corruption ... and 7 benefits from doing so
CIPS Member and Chair of our New Zealand Branch, Tod Cooper, has recently been appointed to the New Zealand Transparency Board. Here he shares his tips on preventing corruption and strengthening integrity in procurement.
Tone at the Top: Leadership committed to integrity – essential to your organisation's integrity culture. This is where Boards need to be educated to take this aspect of leadership appointments very seriously.
Code of conduct and guidelines continuously improved – this must be a living document and they can vary wildly in terms of quality.
Corruption prevention communication and training – as part of induction then refreshed annually. Does your organisation's Annual Report mention this as a valued activity?
Knowledge of relevant legislation/regulation – ignorance is not excuse when it comes to prosecuting breaches in court.
Avenues for reporting breaches in ethical standards – whistleblowing, an area sorely needing to be taken seriously by organisations. Whistleblowers are loyal employees – they deserve to be listened to and protected.
Due diligence of distributors agents, joint ventures – know who you are doing business with – escalate any concerns about their behaviour.
Regular risk assessments that uncover corrupt practice - without a clear vision of its own specific corruption risks, an organisation’s corruption prevention efforts may fail to protect it.
By taking these 7 actions your organisation can then enjoy the 7 benefits of a strong reputation. Reputation and brand are powerful galvanisers and a major contributor to business profitability
Have your say ... in the Supply Chain Resilience Survey
CIPS and The Business Continuity Institute (BCI) and with Zurich Insurance are running the 9th Supply Chain Resilience Survey and would greatly welcome your input. Thanks to your support in previous years, the results are widely quoted in the press and the survey is a highly regarded industry resource.
This survey asks questions about the levels and types of supply chain disruption, its impact, applying business continuity and supply chain management techniques, and some organisational profile information. We'll be providing a complimentary copy of the survey results in exchange for your time - just provide your contact details. You'll also be entered in a prize draw for Amazon vouchers worth £100.
Any references to identifying information (names, organisations, etc.) will be anonymous. If you have any questions, please get in touch with Gianluca Riglietti at email@example.com.
View the survey
Creating Transparency in the Supply Chain to Reduce Risk BravoSolution Webinar
29 August 2017
Presented by Dr. Robert Handfield, Supply Chain Resource Organization Labour and Human Rights. With the advent of disasters like Rana Plaza in Bangladesh, as well as factory work in low cost countries, working conditions are becoming a hot button for many companies. An important transition into creating transparency is when large organizations can create a “federated” network, by integrating smaller firms into their network and drive a common purpose is a concept that is emerging as key to global competition.
Using 'game theory' to improve business and procurement performance
An alternative, assessment-based route to MCIPS
New applied learning programmes are opening soon, accepting procurement professionals from all industries and all company sizes. Known as Corporate Award programmes, they provide a practical, assignment-based way of learning, and an alternative route to MCIPS for learners who prefer not to study academic qualifications and sit exams.
Currently most CIPS applied learning programmes are company-specific or industry-specific – with sector programmes established for aerospace and defence, oil and gas, and the UK public sector. By offering cross-sector programmes, we aim to make the training available to a wider market, in particular professionals working for smaller businesses and public sector bodies that may not have courses available to them otherwise.
Register your interest and be the first to know when a programme opens in your area.
CIPS Brexit survey results ... Available now to download
Over 2,000 global supply chain managers took part in the CIPS Brexit survey which highlights that Businesses either side of the English Channel are preparing contingency plans which could sever supply chains between the UK and EU. The survey highlights that:
32% of UK businesses who use EU suppliers are looking for British replacements
Nearly half (46%) of European businesses expect to reduce their use of UK suppliers
36% of UK businesses plan to respond to Brexit by beating down supplier prices
The UK’s “weak negotiating position” is seen as the biggest hurdle in trade talks
Read the survey results on the CIPS website
The full report will be out next month, and the next survey will be out early autumn. We welcome your contribution on what Brexit means for you, the profession and your business.
Celebrate your accomplishment with friends, family and peers at the CIPS graduation ceremony
The CIPS Graduation Ceremony is held annually in the UK and brings together hundreds of graduates from all over the world to receive the recognition they richly deserve for hard work in achieving the Professional Diploma (or Graduate Diploma) via the examination route.
Please note: to attend, your CIPS Membership must be current and you should have received your Professional Diploma (or Graduate Diploma) certificate.
For general enquiries, please email firstname.lastname@example.org.
Bookings will close on Friday 22 September 2017 at 12.00noon BST
CIPS graduates are amazing achievers
Last year, among our special prize-winning graduates, was William Tagoe MCIPS (Presidents Award). William trained as an Engineer at Cambridge University, also gaining his Masters in Manufacturing Engineering whilst an undergraduate. He subsequently joined Ernst & Young in London where he gained his Chartered Accountant qualification.
At EY, William gained extensive experience in Corporate Finance Advisory, and in particular corporate and private equity transactions, business restructuring, financial due diligence and operational due diligence. He has worked on a broad range of assignments spanning a range of sectors and countries.
On joining Harley Reed in 2009 as the Chief Operating Officer, William sought to expand the business operations across Africa with supply chain training and consulting a key part of the business. It was at this stage that he first came across CIPS formally, although his father has been a CIPS member since 1980 and is currently a CIPS Congress member representing Africa.
It quickly became apparent that business transformation could be driven by first transforming the procurement function. William therefore decided to upskill himself in this area and undertake his CIPS studies in 2014 – completing Diploma, Advanced Diploma and Professional Diploma within a year.