Procurement risk is the risk of unforeseen events or circumstances that can disrupt the acquisition and supply chain activities of an organisation. Such risks may include changes in supplier availability, natural disasters, conflicts or wars, technological failures, terrorist attacks, currency fluctuations, political instability and market risks. To effectively manage procurement risk, organisations must proactively plan for the potential impacts of these risks and assess how their operations are affected. Engaging with stakeholders, understanding current market conditions and establishing clear procurement policies and procedures can help to minimise such risks.