BENEFITS OF DOCUMENT
DESCRIPTION
This is the first presentation in a 3-part series on the "Centre of Excellence (CoE) for a Smarter Supply Chain," based on the academic research of Dr. Lai Ving Kam.
This SCM sub series discusses the following steps for establishing a successful supply chain centre of excellence:
1. CoE readiness assessment
2. Executive sponsorship and guidance
3. Good analytical tools
4. Bring core CoE team members together in one place
5. Career path for CoE team members
6. Know when to call in reinforcements
Center of Excellence (CoEs)
A strategic, cross-functional and global team that
• Facilitates organization to synchronize / complement all the business sustaining competencies
• Ensures a progressive environment is optimally constructed, performing, and supportive of changing requirement s
Establish organization-wide constant renewal and enhancement of pertinent conceptual, definitions, calculations, business rules
-Eliminate indecision, procrastination, confusion in strategic analysis
Encourage business sustainability
-Migrating reporting capabilities to the business users
-Promoting digitalization and Internet of Things in making on-demand data in decision making supporting system a reality
Significant business change and fluctuating levels of complexity make it extremely intricate for global companies with multiple, independent supply chains to achieve internal supply chain alignment across divisions.
On the outset, centres of excellence may sound like a universal remedy for supply chain management challenges as it lead the company in the right direction.
However, although they have provided significant value for some companies and their supply chains, they have proved less useful for others especially with the globalized market environment.
The decision to adopt a CoE strategy therefore comes with a few notable caveats, and ensuring a CoE's long-term viability and sustainability requires some candid self-analysis as well as proactive change management.
When done right, a CoE can be a valuable asset that produces long-lasting benefits. This review will discuss the various steps for establishing a successful supply chain Centre of Excellence.
ABOUT THE AUTHOR
Dr. Lai Ving Kam has a PhD in Transportation and Logistics is an Associate Professor and Head of Programme for Logistics and Supply Chain Management. He has 45 years of full P&L leadership experience managing Global MNCs.
Gain insights into managing uncertainty in supply chain connectivity and the impact of market paradigm shifts. Learn how to balance efficiency with adaptive responsiveness for sustainable, profitable growth.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Supply Chain Analysis PowerPoint Slides: CoE for a Smarter Supply Chain - Current Supply Chain PowerPoint (PPTX) Presentation, Dr. Lai Ving Kam
Supply Chain Analysis Social Media Strategy Artificial Intelligence Project Management Supply Chain Resilience SCOR Model Business Transformation Agile Process Mapping Information Technology Operational Excellence Business Resilience Digital Transformation Digital Supply Chain
Receive our FREE presentation on Operational Excellence
This 50-slide presentation provides a high-level introduction to the 4 Building Blocks of Operational Excellence. Achieving OpEx requires the implementation of a Business Execution System that integrates these 4 building blocks. |