CIPS Breakfast Briefing - Managing Risk

Agenda

08:30 – 08:35

Chair’s Opening Remarks
Why is risk management so important for procurement and supply management? And what are the professional and organisational risks if we don’t get it right?

08:35 – 09:00

Keynote: Navigating the Context – Driving a holistic approach to risk assessment and mitigation
Effective risk management needs to become our highest priority if we are to make a positive and long-lasting impact on our businesses. How can we adopt a holistic end-to-end approach to risk? And how can we navigate the wider macro-economic and political trends to identify and manage supply risk proactively? This expert opening keynote will provide you with practical insights on:

– Understanding macro-economic and political shifts worldwide that can affect security of supply and manage the risk accordingly

– Exercising a what-if mentality and embedding risk evaluation in the procurement of goods and services, and when on-boarding new suppliers

09:00 – 09:25

Case Study: Effective supplier mapping to ensure security of supply
To lower the risk of supply disruption, we need to fully understand supply chains and ensure that risk is considered beyond tier one. How can we effectively map and segment supply chains to predict and mitigate risk? This session will feature practical insights from a team who has successful developed processes to:

– Effectively map the supply chains to identify potential risk beyond the first tier of suppliers
– Devise an effective risk-segmentation strategy by categorising the supplier base
– Create effective risk prevention and mitigation strategies

09:25 – 09:50

Case Study: Creating strategic partnerships to effectively reduce risk
When it comes to reducing reputational and supply risk, working closely with our suppliers is essential to identify and resolve issues in a constructive and collaborative manner. How can we change the way we work with our suppliers and develop effective relationships for mutual gain? This session will feature a practical experience of:

– Creating mutually beneficial relationships with suppliers and effective ways of working to reduce risk
– From reaction to proaction – educating down your supply chain to encourage innovation and ethical behaviours to mitigate risk

09:25 – 09:50

Coffee Break and Networking

10:10 – 10:30

Presentation: Leveraging automation and real-time risk monitoring tools for ongoing risk management
Automation and real-time monitoring are the most effective ways to ensure we can identify risk immediately and deliver a faster response. What are the latest developments in technology that can help us manage risk, and how can we successfully introduce these within our organisations to ensure adoption and buy-in? This expert presentation will provide you with:

– An overview of the latest technologies to automate the risk-management process and ensure real-time monitoring
– Strategies to streamline processes and workflow through automation and support the assessment of third parties
– Tips on how to effectively introduce new technology in your organisation to ensure successful adoption and integration with existing systems

10:30 – 11:00

Panel Discussion: Leveraging competitive advantage through effectively managing sustainability risks
Ethical concerns increasingly drive consumer choices and investment decisions. An unethical supplier can have a catastrophic effect on our organisation’s brand and reputation. We need to focus on building diverse and sustainable supply chains while ensuring that our suppliers maintain ethical practices at all times – whether environmental sustainability or fighting modern slavery. But how can we effectively monitor third parties’ practices and ethical standards? This panel of senior procurement practitioners will explore:

– Leveraging our supply chain as a business asset by encouraging suppliers to adopt ethical practices and fight modern slavery
– Minimising our environmental impact through better supplier choices
– Driving social value and corporate social responsibility through ethical procurement decisions

11:00

Closing remarks and end of briefing

Please note agenda is subject to change without notice