Center of excellence (CoE)
A CoE is an organizational entity dedicated to the delivery of business services, and continuous improvement and optimization of the business services it delivers. A CoE often refers to a team, a shared facility or an entity that provides leadership, best practices, research, support and/or training for a focus area or multiple focus areas. A CoE brings together critical competencies for execution of the work and achieves continuous performance improvement through institutionalization and leverage of skills and knowledge. It may be located within a business unit, at corporate headquarters, in a focused hub/location or in a global business services organization.
Recommended Research
€1.26 Trillion in Excess Working Capital: Where Can CFOs Release Cash?
Profits and cash balances are falling, yet €1.26 trillion remains tied up in excess working capital across Europe’s largest companies.…
Beyond Savings: Can Your Organization Prove Procurement’s Full Business Value?
Traditional savings opportunities are becoming harder to find, yet procurement continues to create value across working capital, supply continuity, risk…
AI Is Setting a New Standard for Supply Chain Performance
Demand volatility, tariff exposure and margin pressure are forcing supply chains to deliver more without proportional increases in resources. AI…
A Record $1.94 Trillion Working Capital Opportunity Demands a New Playbook
Despite stronger revenue and profitability, the working capital performance gap among North America’s largest companies rose 12% to a record…