MERI - Journal of Management & IT
A Literature Review and Recent Trends in Supply Chain Management
Until the early 2000s, academia was more concerned with the wording and definitions rather than
providing theoretical support for supply chain management (SCM) (Seuring, 2003). Recently,
more attention has been paid towards building theoretical frameworks around SCM and
introducing this field of study as a discipline. Many authors in the area of SCM have published
papers suggesting that more attention to be given to theory building in the area of SCM. In an
approach to gain a better understanding of the supply chain theories this study presents an
evolutionary review of the theories that can be applied in the field of supply chain management.
This study specifically explores the development of the Transaction cost theory (view), Resourcebased view (theory), Knowledge-based view, Strategic choice theory, Agency theory, Institutional theory, Systems Theory, and Network Perspective. Furthermore this paper provides rational for application of each theory in supply chain management studies. 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.
This study specifically explores the development of the Transaction cost theory (view), Resourcebased view (theory), Knowledge-based view, Strategic choice theory, Agency theory, Institutional theory, Systems Theory, and Network Perspective. Furthermore this paper provides rational for application of each theory in supply chain management studies. 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.