Research Of Application Of Supply Chain Financing In SM Appliances Co.,Ltd.

Financing dilemma is one of the key bottlenecks for SMEs' further development.If SMEs want to develop,they must solve problems such as a single mode of financing,the lack of guarantees and pledges,fast frequency,and high costs.Supply chain financing is an important innovation in solving SMEs' financing dilemma.In the base of formers' research,this essay discusses the application of supply chain financing in SM Appliances Co.,Ltd.in order to solve the SM Appliances Co.,Ltd.'s current financing problems.In the base of Asymmetric Information Theory,Transaction Cost Theory and Self-liquidating Trade Finance Theory,this essay defines three major models of supply chain financing,and integrates the studies of supply chain financing and household appliance sell industry.Focusing on these studies' drain messages,this essay makes a study of SM Appliances Co.,Ltd.'s financing situation,pointing out present problem.Then,this essay elaborates on supply chain financing can effectively help SM Appliances Co.,Ltd.to solve the problem from the following two parts: the necessity and the feasibility.On the one hand,the necessity is reflected that supply chain financing meets SM Appliances Co.,Ltd.'s demand and can fit harmony of interests,also banks are forced to developing supply chain financing.On the other hand,the feasibility is reflected that the real trade background,bank supply chain financing business experience,and comparative advantages on other financing channels.Finally,this essay makes three performances for SM Appliances Co.,Ltd.,focuses on risks,and makes suggestions.This study,on the one hand,proves SM Appliances Co.,Ltd.can apply supply chain financing,on the other hand,provides a reference experience for small and medium electrical retail enterprises to apply supply chain financing.