Accounts Receivable Factoring And Operation Strategy Based On Supply Chain Finance

At present,small and medium enterprises(SMEs)paly a very important role in the process of economic sustained and steady development in our country,but the development of SMEs faces many difficulties.The shortage of funds and financing difficulty are the biggest problem in the development process.As a result of the limitation of funding constraints,SMEs is difficult to develop,which will have negative effect on the economic development of our country on the long-term.The emergence of supply chain finance has brought new solutions to the financing difficulties of small and medium enterprises.This new and flexible financial financing services greatly alleviate the financing difficulties of SMEs,help SMEs to obtain the necessary funds.Supply chain financial financing model not only can effectively solve the problem of capital constraints of SMEs,but also to enhance the overall efficiency of the supply chain and enhance the overall competitiveness of the supply chain.Supplier can sale accounts receivable for factoring financing based on the core retailer's credit guarantee when the supplier is subject to funding constraints.This paper will discuss the relevant issues of factoring financing.In this paper,firstly,we study the accounts receivable factoring financing ratio decision problem under the recourse factoring financing and without recourse factoring financing.Then,under the recourse factoring financing and without recourse factoring financing mode,we research the retailer' order quantity and the supplier's wholesale price.We analyze the above problems quantitatively by means of mathematical modeling.Meanwhile,we compare the related decision making based on the two different financing mode and verify the results of this paper by numerical examples.Finally,this paper studies the revenue sharing contract based on factoring financing.This paper discusses the revenue sharing contract under the two financing models:recourse factoring financing and without recourse factoring financing.In this paper,through the study we found:under the without recourse factoring financing and recourse factoring financing,the increase in the interest rate and the loss compensation rate will reduce the retailer's order quantity and increase the wholesale price of the supplier.In certain cases,the amount of retailer ordered under the non-recourse factoring financing model is less than the order quantity under the recourse financing model,and the wholesale price of the supplier is greater than the wholesale price under the recourse financing model.It has important guiding significance for the relevant financial institutions and the main body of supply chain decision-making.In addition,a revenue sharing contract model based on both recourse financing and without recourse factoring financing can coordinate the two-echelon supply chains in which the retailer is dominant,and the core retailer can benefit its dominant position so that suppliers can only get the minimum contractual benefits,so as to maximize the supply chain revenue.