An advisory board is a committee with an advisory function for division managers, managing directors and/or shareholders. The practical exchange with an advisory board takes place on a regular basis (recommendation: once a week) and serves to exchange information on current topics in the pipeline and how the challenges can be mastered.
The division manager immediately receives impulses and feedback. He can ask questions, discuss alternatives and discuss trends. In many institutions’ experts are consulted, why not also in procurement and supply chain?
Benchmarking with other functions is advisable but offers only one side of the coin. The comparison of figures, data and facts usually stops at the implementation problem. From this point on, everyone has to find their own way. This often leads to uncertainty and delays.
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