Free risk and resilience tool

The Chartered Institute of Procurement & Supply (CIPS) has launched a free online tool to enable procurement and supply management professionals to develop resilience in their own supply chains.

CIPS said that the free tool has been developed to respond to the increase in global supply chain risk, which is now apparently at its highest for almost quarter of a century.

Andrew Coulcher, group director of membership & knowledge, CIPS, said: “Now more than ever, supply chain professionals need every device available to them in risk and resilience to manage the vagaries in this ever-changing landscape of socio, political, legal and ethical impacts.”

“The CIPS Risk and Resilience Tool will provide valuable insights to make organisational supply chains more robust and able to withstand the forces we are likely to experience in the coming years.”

A CIPS survey in 2016 of 900 professionals revealed a growing awareness that unmitigated risk can have disastrous consequences for companies in terms of revenue and impact on margins. Of those surveyed, only 46% ‘sometimes’ have mitigation strategies in place.

Taking just 15 minutes to complete, the Risk and Resilience Online Assessment tool provides respondents with a detailed report highlighting weak areas and informs them where to go for more support and guidance.

In the future, the tool will be a benchmark opportunity to match an organisation’s risk profile against others.

This tool follows the launch of the CIPS Supply Chain Risk and Resilience good practice guide

www.cips.org