Risk types provide the basis for Supplier Risk assessment. The decisions made while creating a type defines how the risk assessments based on this type will behave.
Types must be created only once and cannot be changed if they are used in a risk assessment.
Type comprises a workflow. Workflow is a sequence of connected steps that pushes risk assessments through the process, sends out notifications, and creates tasks for participants.
You can evaluate risk for categories, organizations, or regions as well across several suppliers. When you configure the type scope, you define the scope of the assessment that uses the type.