A major challenge in the procurement process is supply risk. This is an umbrella term for a multitude of concerns that encompass buying what you need for running a business.  Potential fraud, market shifts, quality, delivery problems, and cost all constitute the most common types of risk. Additionally, compliance issues like policy adherence and corruption create a more volatile environment for efficient procurement functions.  Here are some of the top issues procurement departments face right now: • Poor supply chain transparency • Inaccurate data • Compliance to contract • Better risk management • Control and visibility of spending The solution starts with an active procurement risk management program. This will help to anticipate risks and safeguard businesses from any issues that arise during procurement.  Every purchase brings a set of critical factors like product quality, customer satisfaction, vendor reliability, company reputation, and more.