Every organisation operates in a highly uncertain business environment and still needs to march ahead to sustain and grow. These uncertainties pose risks to the organisation and the success depends on how it approaches and manages these risks. Ensure that risks are identified, communicated and appropriate mitigation plans are actioned. The ultimate delivery of procurement function is to ensure an un-broken supply chain at all the times. And this calls for end-to-end visibility of procurement activities and understanding of all possible risks for successful execution of these activities. Risk management is too-often treated as a compliance issue that can be solved by drawing up lots of rules and making sure that all employees follow them. Many such rules, of course, are sensible and do reduce some risks that could severely damage a company. But rules-based risk management will not diminish either the likelihood or the impact of a disaster. The final aim for any risk management process is to minimise its impact even though it does not have any control on its occurrence. An organisation should tailor its Risk Management process for different categories of Risks and can deploy appropriate technology for predictive analysis of these risks.