AI offers companies increased power and speed, but plenty of AI now for sale has rolled out quickly, without full attention to its risks. We spoke to Cari Miller, a co-founder of the AI Procurement Lab, about addressing AI’s distinct issues during procurement. In this article, the second in a two-part series, we discuss with Miller five areas to address, from setting a risk appetite to contracting and monitoring. Part one covered preparation and how in-house procurement and legal teams can adjust current approaches and perspectives for AI purchasing. See “Dos and Don’ts for Employee Use of Generative AI” (Dec. 6, 2023).