The Credit Management In Chemical Industry

With the global economic development, more and more companies have to confront the strong competition market environment, so companies are competing for markets to increase their competitive ability to take more market share, and credit sales becomes the great weapon of the principal means.In the passage, I studied the 10 public companies’ performance in the chemical industry, and checked the credit risk control of Chinese chemical companies not to be ideal. To this conclusion, this essay studies risk definition, credit sales and credit risk management. Especial for the credit risk control and management theory and model based on the historical documents, which focus on chemical industry and take the typical international company BASF an example, and comprehensively analyze BASF China in-depth both the BASF global credit policy and BASF China’s example to get and find how to establish and implement and efficient and effective credit risk control. In the case study, I first introduced the current situation and characteristics of BASF and BASF China credit risk control system. As a result, credit sense in companies, credit management department, organization and technology analysis on the process, which is the key point to control credit risk and bring the valuable experience to local chemical companies. This is the object of study for this dissertation as well.After study of in-depth, I found the BASF China set up the effective and efficient credit risk control based on the risk culture establishment of credit risk, prediction and enterprise operation model for credit risk control. I hope these can help local companies to understand and implement the credit risk control better and effectively.