ISM Applauds, Celebrates Nobel Honoree

FOR RELEASE: October 14, 2009

Nobel Memorial Prize goes to Journal of Supply Chain Management advisory board member.

(TEMPE, Ariz.) October 14, 2009 — A Nobel Memorial Prize in Economic Sciences has been awarded to an advisory board member of the Journal of Supply Chain Management (JSCM), the Institute for Supply Management™'s (ISM) quarterly publication for supply chain management scholars and researchers. Oliver E. Williamson, Ph.D., is the first Journal advisory board member to win a Nobel Prize. Williamson is Edgar F. Kaiser Professor Emeritus of Business, Economics and Law at the University of California, Berkeley. He shares the prize with Indiana University Professor Elinor Ostrom, Ph.D.

The Journal of Supply Chain Management is in its 45th year of publication. According to Co-Editor-in-Chief Craig R. Carter, Ph.D., ISM repositioned JSCM almost three years ago to be the journal of choice among supply chain management scholars. "As part of that repositioning effort, the editors created world-class advisory, associate editor and review boards," Carter says. "The awarding of the Nobel Prize in Economics to Oliver Williamson is a very tangible indicator of the thought-leaders who comprise these boards."

Adds Carter, "The fact that Oliver Williamson has been awarded the highest honor in the field will also help to extend the impact of JSCM internationally, since his transaction cost economics theory is used by scholars worldwide."

In addition to his advisory role, Williamson has been a featured contributor to JSCM. His invited article, Outsourcing: Transaction Cost Economics and Supply Chain Management, appeared in the Journal's second issue of 2008 and can be downloaded free of charge at the bottom of the Journal's Web site at

ISM has published the Journal of Supply Chain Management (the former International Journal of Purchasing and Materials Management and Journal of Purchasing) since 1965. Journal of Supply Chain Management is published by Wiley-Blackwell Publishing on behalf of ISM. For complete article indexes, subscription information, publication criteria and submission requirements, visit the JSCM Web site at Select Publications, Journal of Supply Chain Management. Follow JSCM on Twitter at

As the largest supply management institute in the world, the mission of Institute for Supply Management™ (ISM) is to lead supply management. By executing and extending its mission through education, research, standards of excellence, influence building and information dissemination — including the renowned monthly ISM Report On Business® — ISM continues to extend the global impact of supply management. ISM is a not-for-profit membership association serving more than 40,000 supply management professionals in 75 countries. ISM offers credentialing to professionals around the world with the Certified Professional in Supply Management® (CPSM®) qualification. ISM is a member of the International Federation of Purchasing and Supply Management (IFPSM). Follow ISM on Twitter at

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ISM Public Relations
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