Engaging Procurement Risk Management Strategy is defined as an intentional, proactive approach to systematically identify, assess, and mitigate risks related to the procurement process. The goal of this strategy is to ensure that identified risks are actively addressed and managed to reduce their potential impact on the organization, its stakeholders, and achievements of its objectives. It encompasses a comprehensive assessment of financial, legal, compliance, and reputational risks inherent in day-to-day operations. This strategy enables proactive risk management and improved organizational efficiency by helping to prioritize threats, protect the reputation of the organization, and identify new opportunities for growth.