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Central European Management Journal

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Year 3/2021 
Volume 29 
Issue 1

Supply Chain Finance Factors: An Interpretive Structural Modeling Approach

Zericho Marak
Symbiosis International University, Symbiosis School of Banking and Finance

Deepa Pillai
Symbiosis International University, Symbiosis School of Banking and Finance

3/2021 29 (1) Central European Management Journal

DOI 10.7206/cemj.2658-0845.42


Purpose: The present study aims to identify the critical factors of supply chain finance and the interrelationship between the factors using interpretive structural modeling.

Methodology: Factors of supply chain finance were identified from the literature and experts from both industry and academia were consulted to assess the contextual relationships between the factors. Then, we applied interpretive structural modeling to examine the interrelationships between these factors and find out the critical factors.

Findings: The model outcome indicates information sharing and workforce to be the most influential factors, followed by the automation of trade and financial attractiveness.

Originality/value: Previous literature identified various factors that influence supply chain finance. However, studies showing interrelationships between these factors are lacking. This study is unique in the field as it applies total interpretive structural modeling for assessing the factors that affect supply chain finance. Our model will aid practitioners’ decision-making and the adoption of supply chain finance by providing a necessary framework.


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Marak, Zericho R. & Pillai, Deepa (2021). Supply Chain Finance Factors: An Interpretive Structural Modeling Approach. (2021). Supply Chain Finance Factors: An Interpretive Structural Modeling Approach. Central European Management Journal, 29(1), 88–111. https://doi.org/10.7206/cemj.2658-0845.42 (Original work published 3/2021AD)

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Marak, Zericho R. and Pillai, Deepa. “Supply Chain Finance Factors: An Interpretive Structural Modeling Approach”. 3/2021AD. Central European Management Journal, vol. 29, no. 1, 2021, pp. 88–111.

Chicago style

Marak, Zericho R. and Pillai, Deepa. “Supply Chain Finance Factors: An Interpretive Structural Modeling Approach”. Central European Management Journal, Central European Management Journal, 29, no. 1 (2021): 88–111. doi:10.7206/cemj.2658-0845.42.