Nobel Prize winner has supply chain connections

Much has been made of the fact that Indiana University Professor Elinor Ostrom, Ph.D., is the first woman to receive the Nobel Prize in economics. We're all for that! But to our mind, the more exciting news is that co-recipient Oliver E. Williamson, Ph.D., has a supply chain connection.

Williamson, who is the Edgar F. Kaiser Professor Emeritus of Business, Economics, and Law at the University of California, Berkeley, is an advisory board member of the Journal of Supply Chain Management (JSCM). The quarterly journal is published for academic researchers and scholars by the Institute for Supply Management (ISM).

In addition to his advisory role at JSCM, Williamson contributed an article, "Outsourcing: Transaction Cost Economics and Supply Chain Management," to the journal in 2008. The journal has made it available for download free of charge from the "Highlights" section at the bottom of its home page. Links to the journal can also be found on the ISM Web site.

ISM is an association serving supply management professionals in 75 countries. The group offers professional credentialing through its Certified Professional in Supply Management program.