BMP RadioNegotiations

BMP Radio: Negotiating for the Unknown: Buying Emerging Technologies

By June 21, 2018 No Comments

Mark Bilgin is a career negotiator and the author of Mastering High Stakes Negotiations and he is joining BMP Radio for a regular podcast series on all things negotiation.

In this session, we’re going to depart from the straight and narrow negotiation topics we’ve tackled in the past and take on something a little trendier: AI.

I recently came across some interesting articles (see episode links) about how to negotiate with AI providers. For enterprises and procurement organizations piloting or evaluating this emerging technology, there is very little to go on when preparing for a meeting with an AI vendor.

Highlights from the Show Include:

  • Drawing on procurement’s past experiences with traditional complex goods and services when preparing to negotiate with AI providers
  • When ‘bluffing’ becomes a source of risk on both sides of a negotiation – drawing the line between taking a ‘trailblazer’ approach to risk tolerance and avoiding the acceptance of detrimental risk
  • Setting the pace of negotiation and implementation in completely new efforts: making sure that neither side commits to more than they have the foresight to handle with reasonable accuracy

Links and Resources:

Kelly Barner

About Kelly Barner

Kelly Barner has covered procurement news, events, publications, solutions, trends, and relevant economics at Buyers Meeting Point since 2009. In 2017, she co-founded Palambridge (now AOP Experts On-Demand) and joined Art of Procurement as Content Director in addition to her leadership of Buyers Meeting Point.