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Glossary › Procurement Risk Management
What is Procurement Risk Management ?
Procurement risk management evaluates vendor reliability, cost exposure, supply chain stability, contract terms, and compliance requirements during the purchasing process. It ensures procurement decisions align with risk appetite.
FAQs
How does procurement link to TPRM?
Vendors introduced through procurement require risk evaluation.
What causes procurement risk?
Poor vendor selection or weak contract terms.
Is procurement risk ongoing?
Yes, it continues through the vendor lifecycle.
Responsible-AI TPRM Guide
Discover how risk teams apply AI responsibly to reduce third-party blind spots and stay audit-ready across global regulations.