While most of the business world builds success from existing relationships, four scientists including Xiumin Martin from the Olin Business School at Washington University in St. Louis crunched 12 years’ worth of data to find that personal connections between suppliers and vendors particularly improves the efficiency of the supply chain. To be precise, such rapport results in better overall performance, less restrictive and longer-lasting contract terms, and crystallized communication.
Tag: Operations Management
Researchers Create New Tools for Disaster Response Volunteers
In the wake of a disaster, many people want to help. Researchers from North Carolina State University and the University of Alabama have developed tools to help emergency response and relief managers coordinate volunteer efforts in order to do the most good.
COVID-19 poses risk to global supply chains
Johns Hopkins Carey Business School professors Goker Aydin and Tinglong Dai of Carey Business School discuss how COVID-19 is impacting business supply chains and operations.