Procurement process risks, also known as supply chain risks, are risks that arise throughout the entire supply chain—from procurement to delivery and payment. From acquiring materials of questionable quality to unfulfilled orders, these risks can have significant financial, operational, and organizational consequences. In other words, procurement process risks describe any problems or opportunities associated with procuring goods and services. Managing these risks helps ensure a secure and successful supply chain. With the right processes in place and strict monitoring, organizations can reduce their risk of procurement failure and successfully navigate the complexities of the supply chain.