Question

What do Shared Service Centers and Centers of Excellence not have in common?

MMM. Shared Service Centers deliver savings and increased productivity by locating similar, more transactional processes in one location.

MMM. Centers of Excellence can be located in a certain facility, but they can also be virtual, creating networks of experts who can reside anywhere in the organization.

NNN. Centers of Excellence deliver savings and increased productivity by locating similar, more transactional processes in one location.

NNN. Shared Service Centers can be located in a certain facility, but they can also be virtual, creating networks of experts who can reside anywhere in the organization.

Answer 1

Shared Service Centers and Centers of Excellence have similarities but also some key differences. Shared Service Centers primarily focus on consolidating transactional processes for cost savings, while Centers of Excellence focus on expertise, innovation, and strategic initiatives.

Step-by-step explanation:

Shared Service Centers and Centers of Excellence have some similarities, as they both aim to improve efficiency and productivity within an organization. However, there are some key differences between the two:

1. Shared Service Centers primarily focus on consolidating similar, transactional processes in one location to deliver cost savings and increased productivity. They can be located in a physical facility or be virtual.
2. On the other hand, Centers of Excellence are centers of expertise that bring together specialists from different locations within an organization. They can be located in a certain facility, but they can also be virtual networks of experts.
3. Another difference is that Centers of Excellence do not necessarily focus on transactional processes; they often concentrate on developing best practices, innovative solutions, and driving strategic initiatives.

In summary, while both Shared Service Centers and Centers of Excellence aim to improve efficiency and productivity, Shared Service Centers focus on consolidating transactional processes while Centers of Excellence focus on expertise, innovation, and strategic initiatives.