Supply Chain Management is a methodology of improving the business
processes, making them more resilient, more agile and as a result, more
competitive. The main function of SCM is to improve the product or service
competitiveness (Machowiak, W. (2012). 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. We have captured various definitions of SCM provided by
experts from the initial to recent period along with major classical definitions.
Various dimensions of Supply chain are an integral part of this study. The
paper discusses SCM and its dimensions; and tries to delineate SCM from
related areas like Logistics Management, Value Chain Management and
Operations Management. The paper also elaborates various theories of SCM.
On completion of thorough literature review, the paper ends with a conclusion
and future scope of work.