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 Duration 14 hours

Course Outline

Introduction to AI in Procurement

  • Defining Generative AI: Core concepts and capabilities
  • Overview of key tools: ChatGPT, Claude, Gemini, and Copilot
  • Current trends: How procurement teams are currently leveraging AI

Developing Effective Prompts for Procurement Scenarios

  • Core principles of clear and structured prompt engineering
  • Identifying common prompt errors and strategies to prevent them
  • Templates for sourcing, RFQ creation, and supplier communication

AI Applications in Procurement Operations

  • Utilizing AI for tender preparation, supplier identification, and market research
  • Drafting and reviewing contract clauses with AI assistance
  • Enhancing spend analysis and supplier performance monitoring

Data Security and Confidentiality in AI Environments

  • Understanding how procurement data is handled by AI platforms
  • Best practices for safeguarding sensitive and confidential information
  • Ensuring the relevance, accuracy, and verifiability of data inputs

AI for Decision Support and Risk Assessment

  • Interpreting and validating AI-generated risk scores and reports
  • Applying AI to supplier risk evaluation and predictive analytics
  • Case studies from sectors such as IT, GRE/IFM, HR, and Marketing

Ethics and Risk Awareness in AI-Driven Procurement

  • Understanding the limits of generative AI: bias, hallucinations, and potential misuse
  • Navigating regulatory and ethical frameworks within procurement workflows
  • Developing internal policies for responsible AI usage

Fostering AI Adoption in Procurement Teams

  • Positioning AI as a productivity enabler rather than a substitute
  • Mitigating skepticism and building trust in AI-generated outputs
  • Strategies for internal change management and ideas for pilot projects

Summary and Recommended Next Steps

Requirements

  • Background in procurement, sourcing, or contract management
  • Working knowledge of standard procurement processes and industry terminology
  • No previous experience in AI or data science is necessary

Target Audience

  • Category leaders (including Managers, Senior Managers, and Directors)
  • Tactical and operational sourcing specialists
  • Teams focused on procurement and contract administration

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