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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