TREAS · TREASURY-OFR-008 · record R2870
Procurement Intelligence
Department of the Treasury · Office of Financial Research (OFR)
Overview
- Development stage
- In development or acquisitionSource: a) Pre-deployment – The use case is in a development or acquisition status.
- High-impact designation
- Not high-impactSource: c) Not high-impact
- Impact justification
- Internal procurement analysis tool for market monitoring and supplier identification no direct impact on external parties
- Start date
- Not reported
- Withheld from public reporting
- NoSource: a) No
Mission
- Topic area
- Procurement and Financial Management
- Operational functions
- Procurement and acquisition Derived by keyword rules; see methodology
Problem the AI is intended to solve
AI-powered market monitoring to identify competitive suppliers single-source risks and cost-optimization opportunities
Expected benefits
Improves procurement efficiency and reduces costs by identifying optimal suppliers mitigating single-source risks and highlighting cost-saving opportunities
System outputs
Reports identifying competitive suppliers risk assessments for single-source dependencies and recommendations for cost optimization
Technology
- AI classification
- Classical / predictive MLSource: Classical/Predictive Machine Learning: Models trained on data to make predictions or classifications based on identified patterns or relatio…
- System name(s)
- Not reported
- Custom-developed code
- Not reported
- Public source code
- Not reported
Sourcing
- How it was built
- Not reported
- Vendor (as reported)
- Not reported
- Vendors (standardized)
- None on the standard list
A vendor is the supplier named by the agency. It does not identify the underlying model or AI technology.
Data and privacy
- Involves PII
- Not reported
- Privacy Impact Assessment
- Not reported
- Authorization to Operate
- Not reported
- Demographic features
- Not reported
- Training and evaluation data
- Not reported
- Federal Data Catalog
- Not reported
Governance
0 of 8 minimum-practice questions answered. A blank answer means the agency reported nothing; it does not mean the practice is absent.
Pre-deployment testingNo answer reported
AI impact assessmentNo answer reported
Independent reviewNo answer reported
Ongoing monitoringNo answer reported
Operator trainingNo answer reported
Fail-safeNo answer reported
Appeal processNo answer reported
User and public consultationNo answer reported
Potential impacts and how they were identified
Not reported