Smarter Sourcing

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

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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. 
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