Loyola Institute of Business Administration and TAKE Solutions partner to launch Supply Chain Management center

The MoU was signedto launch the Centre of Excellence for Supply Chain Management (SCM).
LIBA says that the Centre of Excellence will see the amalgamation of industry thought leaders, domain experts, academicians and technology partners in the SCM arena. The centre will also be the fulcrum from which innovative ideas emerge to change the existing supply chains to value networks.

TAKE Solutions will offer scholarships to one PhD student of LIBA every year in the area of SCM. Further the research activities will be open to all academia and industry professions.
The programme will include 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 contemporary topics such as inventory decision and policy development, time compression, demand amplification, supply chain design and integration, and international supply chain management.

In addition, a Centre of Excellence Laboratory will be set up at LIBA jointly run by TAKE Solutions and LIBA. The lab will develop best practices and advanced algorithms on the existing and emerging supply chain challenges.
The scope is endless as the Centre will provide solutions that span a multitude of industries and will help organizations rapidly exploit opportunities in ever changing conditions. We had realized the potential for research in this area two years back when we had set up the Centre for Logistics and Supply Chain Management. I am extremely happy that the new Centre of Excellence will augment the existing Centre for Supply Chain Management and further help in bridging the knowledge gap in the area said Fr. Christie, Director, LIBA.

On the occasion, Mr. Sridharan Sivan, Managing Director, TAKE Solutions Ltd said, 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.

Various white papers, research articles and Managerial Development Programs (MDPs) will emerge out of the Centre of Excellence for Supply Chain Management.

TAKE Solutions is a leading international business technology company with products backed by a strong domain expertise in Life Sciences and Supply Chain Management. Since its inception in 2000, TAKE has been serving marquee clients in the Life Sciences and SCM arena. TAKE Solutions conducts business today in 12 countries with more than 350 customers.Company has strong presence in the USA with Life Sciences Domain Excellence centers located in Princeton, New Jersey. TAKE has over 650 employees across the globe.