Supply Chain Finance Service System Design And Optimization

In the context of the supply chain, it has become an essential requirement for the stability of supply chain to enhance the financing ability and reduce the financing cost for small and medium enterprises (SMEs) through the innovative financial products. Started with the causes of Supply Chain Finance (SCF) and related literature summary, this paper, from the definition, system design and application, portfolio selection and case study, achieves the following results:1. Clear the causes of SCF, which include the difficulties of financing for SMEs, the reform of financial institutions service and the flourish of channel intermediary enterprises, represented by the third-party logistics.2. Sum up the four theoretical foundation of SCF, based on which, this paper proposes the definition of the SCF and works out a systemic framework for the design of SCF services.3. With the condition that the small and medium-sized logistics enterprises have been having difficulty in financing, the paper proposes the NRF-LC logistics finance model to accelerate the cash flow for the logistics enterprises.(1) Work out the framework and critical processes of NRF-LC model, with use of the design framework of the SCF services, and carry out a comprehensive comparison between the NRF-LC model and the warehouse receipts pledge model.(2) Establish the pricing game model between NRF-LC platform and logistics enterprises, using Stackelberg analysis method, and access to the pricing decision of different parties in equilibrium status.(3) Establish the revenue model of the NRF-LC model, and obtain the feasible domain of financing frequency. Then using the joint optimization method, finds the optimal solution of financing frequency, and develops the compensation strategy in accordance with Kaldor-Hicks Improvement. Further more; the critical financing frequency can be made certain with the comparison between the NRF-LC model and loan financing model.4. Based on the credit portfolio theory, a set of selection method for SCF portfolio were put forward, which make the quantitative study of SCF upgrade from a single project evaluation to the income-risk analysis of portfolio, and that conforms to the development trend of SCF. 5. The case study proves the correctness and feasibility of the design framework of the SCF services, which provides a scientific guidance for the practice and further development of the SCF services.