TITLE:
Supply Chain Management in the Banking Industry: A Literature Review
AUTHORS:
Mohammad Ismail Majumder, Mohammad Mamun Habib
KEYWORDS:
Financial Supply Chain, Banking Industry, Supply Chain Management, SCM
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.12 No.1,
January
24,
2022
ABSTRACT: In this study, the authors demonstrate how Supply Chain Management (SCM) theory has evolved over time
and how it applies in the banking industry which represents as one
of the service industries. Various milestones of SCM evolution in the various industries have been identified by the authors to make it
simpler to grasp. To begin with, the inception of logistics was first introduced in the 1950s. It was in
the 1970s when logistics was first formed. The concept of supply chain management and the idea of coordinating the activities
of enterprises within the chain were
created in the 1980s. Logistics and supply chain management were finally separated in the 1990s, and supply chain management underwent a change. Throughout the early
2000s of global financial crisis, capital markets were extremely
volatile, placing Supply Chain Finance in the spotlight, and eventually, the banking industry demanded more rigorous study from the standpoint of SCM. Though
there is very little scholarly research in the banking industry, the authors intend to accomplish
supply chain management model in the banking industry. The outcomes
of this study will provide new avenues for research in the supply chain finance and
banking industries. Therefore, this
research unlocks the further frontiers for the prospective researchers in this
area.