Abstract: Financial supply chain management (FSCM) is the practice of looking at all your financial processes at the holistic level, rather than viewing them as individual processes. It’s the end-to-end process that involves the procure-to-pay cycle, working capital management, and the order-to-cash cycle business processes. This field is a relatively new one. Despite the crisis-enhanced research interest and the growing importance of FSCM, academic contributions and discourse on the subject remain fragmented and vague. Mainly conceptual approach dominates; research methods employed are mostly empirical surveys and case studies, with the main focus given on the manufacturing industry while the bank “dimension” in the FSCM equation is neglected. At the same time, scarce research efforts have been identified towards the systematic documentation of the core concepts and formative elements of FSCM in the direction of building a “general theory of FSCM”. The paper provides a literature review of the FSCM discipline, identifies gaps and challenges in the field while providing insights on a future research agenda, thus preparing the ground for FSCM standardization and hopefully initiating a fruitful academic dialogue on the subject. A review and analysis of selected, up to date theoretical and empirical literature is provided in order to prove the significance of this discipline in modern management theory and provide useful conclusions. Moreover, an emphasis is given on the contemporary aspects of FSCM in terms of collaboration among companies, suppliers and financing institutions.
Keywords: Supply Chain Management (SCM), heated competition, Financial Supply Chain Management (FSCM), modern Information Technology, logistics, crisis, financial performance, Literature Survey and financial processes.
| DOI: 10.17148/IJARCCE.2020.91213