EP 10 — The Carlyle Group’s Adam Cummins on Creating Win-Win Initiatives in Supply Chains

In this episode of Smarter Sourcing, John speaks with Adam Cummins, Principal & Director of Portfolio Procurement at The Carlyle Group. Adam shares valuable insights into the importance of creating mutual win-win initiatives, emphasizing the need for engagements that benefit all stakeholders. 

 

Adams touches on how technology and automation, including AI and machine learning, are revolutionizing decision-making and efficiency in procurement processes. He also discusses the evolving criteria for talent in the industry, highlighting the growing importance of tech-savvy professionals. 

 

Topics discussed:

• The strategic importance of procurement in modern business and how it impacts overall company performance.
• Emphasis on creating engagement strategies that benefit all stakeholders, ensuring sustainable and successful collaborations.
• How AI and machine learning are transforming decision-making and efficiency in procurement processes.
• The changing criteria for sourcing and procurement roles, focusing on the need for tech-savvy professionals.
• Addressing the struggles these companies face in understanding the value of procurement and implementing effective strategies.
• Best practices and lessons learned in the industry to help improve procurement processes and outcomes.
• How procurement strategies are tailored to meet the needs of various portfolio companies within The Carlyle Group.
• Leveraging data and analytics to drive better procurement decisions and optimize supply chain operations.