Risk management is one of the critical prerequisites for the successful category and supplier management. Timely risk identification and mitigation have proven to be crucial for successful strategic planning. Cirtuo Risk management includes: Risk identification, risk assessment, and risk mitigation, compliant with ISO 31000:2018 List of most commonly found risks for categories and suppliers in procurement, customizable to client’s needs Risk matrix based on probability of occurrence and risk impact Historical tracking of risk identification and assessment Execution of a risk mitigation plan through strategies and initiatives   Cirtuo Risk management has proven to be a good tool for tracking all procurement-related risks, reporting on them, and complying with internal and external auditors’ requests.