Literature Review: Supply Chain Management Student: Professor: Course title: Date: Literature Review: Supply Chain Management Supply Chain Management Introduction The profession of supply chain management (SCM) has continued evolving and changing in order to fit the needs of the expanding international supply chain. SCM is essentially based upon the notion that virtually all products that come to the marketplace stem from the efforts of different organizations or companies referred to as the supply chain. Activities in the supply chain encompass everything from development of the product, sourcing, manufacturing, logistics, in addition to the information systems that are required for coordinating these various activities (Corominas, 2013). This literature review exhaustively covers the concept of supply chain. The supply chain framework is analyzed along with the benefits of effective supply chain management, factors that influence SCM, supply chain risk management framework, sustainability, corporate social responsibility, as well as in-sourcing and outsourcing/ buy-or-make decisions. What is supply chain management (SCM)? SCM is essentially understood as the range of processes which connect suppliers and customers. It is the oversight of finances, information and materials as they move in a process from the supplier to the producer to the wholesaler to the retailer and lastly to the end-user. SCM entails coordinating as well as integrat...