A Study of Evolution and Future of Supply Chain Management

Supply Chain Management is a methodology of improving the business processes, making them more resilient, more agile and as a result, more competitive. The main function of SCM is to improve the product or service competitiveness (Machowiak, W. (2012). This paper is an endeavour to study, understand and interpret the evolution of supply chain management. On the basis of systematic literature review, we have attempted to explore the future of Supply Chain. We have captured various definitions of SCM provided by experts from the initial to recent period along with major classical definitions. Various dimensions of Supply chain are an integral part of this study. The paper discusses SCM and its dimensions; and tries to delineate SCM from related areas like Logistics Management, Value Chain Management and Operations Management. The paper also elaborates various theories of SCM. On completion of thorough literature review, the paper ends with a conclusion and future scope of work.