When a company seeks a strategic supplier, the crucial first step is to choose the right sourcing model, which will make or break the relationship.
Future of Sourcing
Article by Kate Vitasek published 14 July 2021. URL: https://futureofsourcing.com/julian-nyarko-stickiness-and-incomplete-contracts
Libby Weber – Associate Professor at the University of California, Irvine – promotes a way of thinking about contracts beyond their traditional “preventive” role of avoiding risk, preventing breaches or opportunistic behavior. Her premise? Why not use contracts to promote cooperation, flexibility, and creativity?