Supply Chain Management in the Banking Industry: A Literature Review
- 1 Centre for Higher Studies, Bangladesh University of Professionals, Dhaka, Bangladesh
- 2 School of Business and Entrepreneurship, Independent University, Dhaka, Bangladesh
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 represent s 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 en terprises within the chain were created in the 1980s. Logistics and supply chain management were finally separated in the 1990s, and supply chain manage ment underwent a change. Throughout the early 2000s of global financial crisis , cap ital markets were extremely volatile, placing Supply Chain Finance in the spot light, 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 ave nues for research in the supply chain finance and banking industries. There fore, this research unlocks the further frontiers for the prospective researchers in this area.
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