A Review of Contemporary Theories of Supply Chain Management and Its Application

Abstract

The purpose of this study is to identify current themes in supply chain management (SCM) and explore opportunities for SCM growth by examining theoretical perspectives in SCM. In order to map the application of theories in the Supply Chain Management sector, it conducts a review of the literature. We examine the main areas of SCM research, highlight important theories, and offer recommendations for future developments in the area. There has been little theory development in SCM, with a few well-known macro theories from other fields impacting the themes and conceptualization of Supply Chain Management that have been researched thus far. By using particular approaches, looking at less-studied elements of SCM, and testing novel frameworks, more theoretical advances could be made. Based on our assessment, we offer a thorough map of the most widely held theories in SCM and suggest future directions for the field’s advancement. A number of suggestions are offered to direct further investigation. This study represents a first step towards comprehending the development of Supply Chain Management theories and the conceptualization of SCM.