Evolution of supply chain finance: A comprehensive review and proposed research directions with network clustering analysis

Abstract

Over the last decade, supply chain finance (SCF) has gained popularity and increasing attention among academicians and stakeholders in the context of financial flows in the supply chain. However, some research gaps still exist that need to be explored to improve the sustainability of supply chains. Specifically, there is a critical research need to look at the conceptual background of SCF and its potential applicability in various phases of supply chains. Therefore, this article aims to bridge this gap by conducting a comprehensive State‐of‐the‐Art literature review based on 367 papers published from 2006 to 2020. Furthermore, this article is one of the first attempts to present current and past studies in the domain of SCF in a holistic manner. The analysis highlights the most influential authors, keywords, organisations, leading publications and clusters in existing research areas. This article also sets out a proposed research framework based on the triangulation approach perspective, that is, financial perspective, buyer perspective and supply chain‐oriented perspective. The most important and unique contribution of the article is the identification of new and emerging research areas where the application of SCF is still in the nascent stage. These findings can guide stakeholders at every stage of the value chain to appropriately use techniques that model policies to better inform investment and operational decisions in line with Sustainable Development Goals.

Horizontal network collaboration by entrepreneurial ventures: a supply chain finance perspective

“…Strategic benefits are linked to the economic-financial savings along the entire supply chain, in particular by enabling customers to reduce the risks of their commercial activity. Improvement of the efficiency of decision-making and operational processes is linked to a Important implications of this study, almost neglected in the SCF literature (Parida et al, 2022), are the managerial and organizational insights for designing a real and concrete implementation in horizontal supply chain network collaboration by entrepreneurial ventures. Taking the supply chain-oriented perspective of SCF, since inventory refers not only to the physical stock of individual companies but also to the physical flows of transfers of goods within the buyer-supplier relationship along the supply chain, it involves the relationship processes that are at the border between two supplier-customer organizations, upstream and downstream, that is, the procurement cycle for a customer and the order management cycle for a supplier.…”

“…Important implications of this study, almost neglected in the SCF literature (Parida et al. , 2022), are the managerial and organizational insights for designing a real and concrete implementation in horizontal supply chain network collaboration by entrepreneurial ventures.…”

“…Previous researchers have discussed in-depth literature reviews on the concept of supply chain finance (SCF) (Gelsomino et al, 2016;Chakuu et al, 2017;Xu et al, 2018;Marak and Pillai, 2019;Parida et al, 2022) by underlining different focuses and investigation approaches from both finance and supply chain disciplinesand, consequently, different corresponding definitions. Therefore, Gelsomino et al (2016) attempted to systematize the literature into a framework that emphasizes two different perspectives on the study of SCF: the "financial" or "finance-oriented perspective," which acts on financial flows, and the "supply chain-oriented perspective," which acts on mainly physical supply chain flows through efficient inventory management.…”

“…Previous researchers have discussed in-depth literature reviews on the concept of supply chain finance (SCF) (Gelsomino et al ., 2016; Chakuu et al ., 2017; Xu et al ., 2018; Marak and Pillai, 2019; Parida et al. , 2022) by underlining different focuses and investigation approaches – from both finance and supply chain disciplines – and, consequently, different corresponding definitions.…”

Sustainable supply chain finance adoption and firm performance: Is green supply chain integration a missing link?

“…Third, SSCF adoption can enhance the trust between manufacturers and suppliers. The trade credit enables firms pay in advance its liabilities to suppliers who devote to green manufacturing (Parida et al, 2021; Vliet et al, 2015), which promotes their confidence in participating such sustainable activity. In this case, the establishment of collaborative relationship with suppliers becomes more easily, which ultimately nurtures a solid GSI (Shou et al, 2021).…”