TAKE Solutions Ltd. and Loyola Institute of Business Administration have today signed a Memorandum of Understanding to launch the Centre of Excellence for Supply Chain Management (CoE).

TAKE Solutions Ltd., is a leading international business technology company with products backed by a strong domain expertise in Supply Chain Management and Life Sciences. Loyola Institute of Business Administration (LIBA), a premier management institute in India.

The COE will see the coming together of industry thought leaders, domain experts, academicians and technology partners in the SCM arena.  This will be the fulcrum from which innovative ideas will emerge to change the existing supply chains to value networks.  The CoE will conduct research and analysis to produce cutting edge solutions to some of the most pressing problems and bottlenecks that leading organisatons face today.

Some of the research agenda includes ethical supply chain, extending Newsvendor models, unlocking the value of RFID, leveraging the value of information in closed and open loop supply chains, reverse SCM, and also will include contemporary topics such as  inventory decision and policy development, time compression, demand amplification, supply chain design and integration, and international supply chain management.

 “As a company that is focused on Innovation and IP-led product development, the launch of a Centre of Excellence is the next logical step.  We wish to increase collaboration with the Industry and Academia and this COE will be a great platform to ideate, re-invent, learn and unlearn. We have had a long and fruitful association with LIBA and this MOU further strengthens our ties as we chart a new roadmap to learning.” said Mr. Sridharan Sivan, Managing Director, TAKE Solutions Ltd.

“The scope is endless” says Fr. Christie, Director, LIBA. He said, “the CoE will provide solutions that span a multitude of industries and will help organizations rapidly exploit opportunities in an ever altering conditions. We have realized the potential for research in this area even two years back when we set up the Centre for Logistics and Supply Chain Management. I am happy that the new CoE will augment the existing Centre and will further help in bridging the knowledge gap in SCM area.”

Apart from various white papers, research articles and Managerial Development Programs (MDPs) that will emerge out of the COE, there will also be a Centre of Excellence Laboratory at the LIBA premises that will be jointly run by TAKE and LIBA.  The lab will help evolve best practices and advanced algorithms on the emerging supply chain challenges.  

Sourced From: Adfactors Public Relations Pvt Ltd