SMEs’ Supply Chain Financing Management Problem Research

Under the guidance of the theory of financial management of the supply chain, reducing the cost of financing for SMEs, increasing its financing capacity and create innovative financial products are the inevitable choice for the development of SMEs. SMEs financing faces many troubles, such as the serious shortage of funds, the difficult motherboard market financing, improper credit guarantee system, hard mortgage loans, the small scale of the enterprises, higher financing costs and so on. The theory of financial management of the supply chain for SMEs has certain advantages that you can break the shackles of the traditional way of financing for SMEs and it is a collection of a wide range of resources, including financial products, corporation, and funds. Resource optimization can be also achieved, and thus break SME financing bottleneck.The thesis is made up of six parts. The first part is the introduction, discussing the research background, research significance, the related research status at home and abroad, several aspects of the research ideas and research methods. The second part of the thesis basically analyzes the definition of SMEs, the basic theory of financial management of the supply chain and the important practical significance of financial management of the supply chain. The third part discusses the management mode of supply chain financing for SMEs the obstacles as well as the reasons for the formation of these obstacles. The main mode of management of supply chain financing for SMEs are accounts payable financing mode, accounts receivable financing mode as well as chattel pledge financing mode. The obstacles of SME supply chain financing include the increasing bank operation risk, the weak awareness of supply chain management, the narrow channels of direct financing, the unreasonable financing structure, the excessive pressure of core enterprises and the secured loans with collateral value ratios and the low credit guarantee and collateral value ratio. These obstacles came into being because their own quality is not high, the system of bank-based financial institutions is not perfect, credit guarantee system is not perfect, and the information technology and other aspects are backward. The next part discusses the SME supply chain finance management model innovation and specific countermeasures. The fifth part of the thesis takes a steel trade enterprise as an example and analyzes its financial situation. FTW financing and1+N supply chain financing innovation model are raised, and the corresponding countermeasures for the management of supply chain financing for SMEs are proposed either. The result shows that the future model of inventory financing and pledge financing model are both made good use in this enterprise, thus easing the difficulty of fund flow. The last part of this study is the summary and prospects the research.