Procurement Risk Management was founded by Mike McKinnon and Dow Hohlmayer after decades of operating inside complex enterprise and public-sector procurement environments at a leading global technology company.
Across more than 40 years of combined experience, they managed multi-million-dollar contracts, advised institutional buyers, and supported procurement directors navigating increasingly decentralized purchasing systems.
Over time, a clear pattern emerged.
As organizations adopted online marketplaces and flexible buying models to improve speed and efficiency, oversight frameworks did not evolve at the same pace. What began as convenience often expanded into fragmented purchasing behavior, limited supplier governance, compliance blind spots, and reduced spend transparency.
The risk rarely appears dramatic at first.
It accumulates quietly - across categories, departments, and vendors - until exposure becomes material.
PRM was created to address that modern reality.
By applying disciplined analysis to marketplace and decentralized spend data, PRM helps organizations surface hidden risk, strengthen internal controls, and realign purchasing behavior with policy and governance expectations.
The objective is not to slow procurement down.
It is to protect it.
Unchecked marketplace and decentralized spend can introduce compliance exposure, supplier concentration risk, reputational vulnerability, and contract misalignment. PRM helps organizations identify and address these risks before they escalate into audit findings, budget inefficiencies, or leadership scrutiny.
Unlike large advisory firms, PRM engagements are led directly by its founders, ensuring senior-level insight, discretion, and accountability in every assessment.
