The prime objective of Supply chain risk management (SCRM) is to reduce the chances of any uncertain situation and feat an appropriate set of solution to manage the situation efficiently and effectively. SCRM is full of challenges that can result in higher cost, wasted materials and production error. It has become even more complex and vulnerable than in past. Due to absence of commonly recognized definition of SCRM and very scared literature, it is very difficult to clearly understand it. This study has worked on two objectives. First, this study has tried to understand the nature of SCRM by elaborating relevant literature with a novel methodology and to verdict its accurate explanation. Second, compile the diverse and scattered literature so for potential researchers it will be easy to approach it. A comprehensive review shows that study on SCRM is still not only very limited but also much dispersed. This article will elaborate a general literature review on evaluation of definitions of supply chain, risk management and supply chain risk management. This article applies content analysis approach, bibliographic analysis and analyzing top cited journal and researches in SCRM that is a unique and novel methodology. The finding of this study reveals that, majority of the researchers are agreed, risk is variation in outcome or performances that are not predictable, whereas supply chain is a network of organizations that add value in every stage of product or services till its destination toward users. Supply chain risk is probabilistic and unwanted situation whereas supply chain risk management is to manage probabilistic and undesirable situation by evaluating risk sources, analyzing likelihood and present a strategy to avoid, mitigate or minimize the effect of risk sources.