Exploring the relationship between mechanisms, actors and instruments in Supply Chain Finance:A systematic literature review

Abstract

Supply Chain Finance (SCF) deals with the management of financial flows along the supply chain. Its core objective is to facilitate the reduction of financial risk in a supply chain by improving the collaborative cash-to-cash cycle and working capital. In order to fulfil its objective, SCF involves the coordination of supply chain actors, SCF instruments, and supply chain processes. Existing studies focus either on SCF actors, such as buyers, suppliers, banks, and logistics service providers (LSPs), or on specific SCF instruments, such as reverse factoring, inventory financing and discounting. However, an analysis of the relationship between actors and instruments, as well as of the factors influencing this relationship, requires further development. In light of this gap, this paper systematically reviews the literature on SCF with the objective of clarifying the relationship between SCF actors, instruments, and contextual factors. The review identified three main archetypes for this relationship: fixed-asset financing (fixed asset-centric), inventory financing (inventory-centric), accounts receivable/accounts payable financing (buyer-centric and supplier-centric). Based on the results of the review, the authors discuss the implications for practitioners and further research for academics.

Publication DOI: https://doi.org/10.1016/j.ijpe.2019.04.013
Divisions: Aston Business School > Operations & Information Management
Aston Business School
Additional Information: © 2019, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/ Funding: Nederlandse Organisatie voor Wetenschappelijk Onderzoek.
Uncontrolled Keywords: Archetypes,Enablers,Financial benefits,Inhibitors,Supply chain finance,Systematic literature review,Business, Management and Accounting(all),Economics and Econometrics,Management Science and Operations Research,Industrial and Manufacturing Engineering
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Related URLs: https://www.sci ... sd_search_email (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2019-10-01
Published Online Date: 2019-04-24
Accepted Date: 2019-04-15
Authors: Chakuu, Sumeer
Masi, Donato ( 0000-0002-4553-3244)
Godsell, Janet

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Version: Accepted Version

Access Restriction: Restricted to Repository staff only until 24 October 2020.

License: Creative Commons Attribution Non-commercial No Derivatives


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