In the context of procurement, a Center of Excellence (CoE) refers to a specialized team or group within an organization that possesses advanced knowledge, expertise, and best practices in procurement. The CoE serves as a central hub for developing and promoting procurement strategies, processes, and standards. It provides guidance, training, and support to procurement professionals across the organization, ensuring consistent and effective procurement practices.

The CoE focuses on continuous improvement, innovation, and driving procurement excellence, enabling the organization to achieve cost savings, supplier management, risk mitigation, and overall procurement optimization.