Date: 13 April 2017
As at 8 December 2016:
1. The total number of individuals in the procurement team at the Bank of England?
The Bank of England (the ‘Bank’) currently employs 14 individuals in its procurement team.
2. The number of procurement team members that have a CIPS or other professional procurement qualification?
The Bank’s procurement team has 1 FCIPS, 5 MCIPS, 3 junior employees undergoing MCIPS exams and 2 apprentices completing CIPS through day release at college.
3. How many of the procurement team members are currently undergoing procurement training?
Employees will have a training plan created during their annual performance reviews. Currently, two members are completing NEC3 contract training and 5 people are taking CIPS exams.
4. What training is available to procurement staff?
In-house training, E-Learning, External training provider and Formal Body (CIPS) are available to procurement staff.
5. Are purchase orders required for each transaction across your organisation?
6. What is the percentage of staff that have access to an eProcurement system?
All employees have access to the Bank’s purchase order system. In addition, employees have access to a tendering system on a case by case basis if they are involved in a tender.
7. Who provides the e-procurement system?
The Bank’s tendering portal is called ProContract