About this course

Make confident and informed decisions when selecting AI solutions by learning how to evaluate AI solutions and vendors. Explore the intricacies of AI procurement and learn how it differs from traditional software acquisition. Discover how to conduct AI risk, impact, and cost analyses. Gain skills in assessing technical capabilities, data governance, and making ethical considerations. Learn how to negotiate AI-specific vendor contracts and how to establish systems for ongoing performance monitoring and compliance.

Globally renowned AI expert Merve Hickok shares best practices for AI procurement to help fill critical gaps and address the fast-growing needs of organizations. Her course is tailored for enterprise procurement professionals, including those in acquisition, legal, finance, HR, and cybersecurity. By the end of this course, acquisition decision-makers will be more equipped to navigate AI vendor sourcing and contract management and make informed, ethical decisions.

Learning objectives

• Identify procurement challenges, specific to AI, that demand different approaches.

• Follow AI vendor assessment processes that account for both the opportunities and limitations of current AI technologies.

• Evaluate AI vendors systematically to assess technical capabilities, data governance, performance benchmarks, integration requirements, and governance considerations.

• Negotiate vendor contracts containing AI-specific terms.

• Establish monitoring systems for AI vendor performance, compliance, maintenance, and risk mitigation.

• List possible ways to use AI to support the procurement process.

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