In this episode of Inside Procurement, we talk about Centres of Excellence (CoEs) - their role, types of issues they face and how they can work towards ensuring they play a strategic role to facilitate real change across the procurement function. If businesses can get the CoE model right, it could act as an incubator that nurtures, cultivates and develops the broader organisation.
However, the practical reality can be different from the above theory. In this video, we focus on why this happens and how companies can avoid some of the common pitfalls such as:
- Lack of leadership commitment towards CoE
- Wrong people in the team
- Lack of resource
- Lack of structure
- Insufficient tools and funds
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