A Study of Supply Chain Management's Development and Future

Abstract

The goal of this essay is to examine, comprehend, and analyze the development of supply chain management. We have made an attempt to investigate the future of supply chain management based on a thorough examination of the literature. Together with the most important classical definitions, we have collected a variety of definitions of SCM from specialists from the early to late eras. This analysis includes several supply chain dimensions as a crucial component. The goal of supply chain management is to enhance company operations by giving them greater flexibility, resilience, and competitiveness (Machowiak, W., 2012). In addition to discussing supply chain management (SCM) and its various facets, the article seeks to distinguish SCM from similar fields such as operations management, value chain management, and logistics management. The research also elaborates on a few SCM ideas. After a detailed analysis of the literature, the study discusses potential directions for further research.