Research On Supply Chain Financing Model Of High-end Edible Oil Enterprises

The high-end edible oil enterprises play an extremely important role in improving people's living level,promoting employment and economic growth.By the end of 2015,the number of China's edible oil enterprise is 28011,the assets reached 231.15 billion RMB,the business income reached 425.09 billion RMB,the total profit reached 27.73 billion RMB.So,the huge consumer market and the investment of the state can promote the development of high-end edible oil enterprises.However,the edible oil enterprises are in a dilemma,because of their own,external government and financial policy.Supply chain finance is a kind of service model which is greatly developed by many banks and other financial institutions,it evaluates the whole supply chain based on the comprehensive strength,including the core enterprise and the other enterprises on the chain,to achieve a unified of logistics,information flow and capital flow,so that SMEs can ease their financing difficulties problem by upgrading their credit rating.At present,the automobile,iron and steel,medicine,agriculture and other industries have been involved in the supply chain financing business in the domestic.In the past,scholars mainly study on the concept,the main mode and the risk management,but the research on the supply chain financing business of high-end edible oil enterprises are still a blank.There are differences in financing mode and risk factors in different industries.Therefore,this paper mainly researches the high-end edible oil enterprises based on the angle of supply chain finance,and it is used comparative analysis,summarized method,qualitative and quantitative analysis and case analysis to prove the feasibility of the high-end edible oil enterprises financing based supply chain finance angle.And there are three parts.The first part,the article firstly analyzes the background,the significance,the literature review,the research methods and innovation.Secondly,starting from the concept and the characteristic of supply chain finance,this article researches three kinds of basic supply chain financing model——the prepaid financing model,the inventory financing model and the account receivable financing model,and summary their similarities and differences.The second part,this article analyzes the development and financing needs of China's high-end edible oil enterprises,and explains the root of the high-end edible oil enterprises about financing difficulties,it explains mainly from the high-end edible oil enterprises themselves,the external financial policies and the government support.In the third part,this article firstly elaborates the operating model of the supply chain of high-end edible oil enterprises and analyzes the advantages,and puts forward the suitable financing model——the account receivable financing model,analyzes the risk and the basic flow of the model,reaches the credit risk is the biggest factor.Then,it evaluates the credit risk of the high-end edible oil enterprises with 25 cases through the principal component analysis and two-logistics regression model between the traditional finance and supply chain finance,it proves that it is feasible for the high-end edible oil enterprises to choose the supply chain finance.And it shows that the supply chain finance can solve the fund problem of the high-end edible oil enterprise through the specific case.Finally,the article puts forward the suggestions from the angle of the SMEs,the commercial banks,the third party logistics and government.Only the joint efforts of all parties,the financing difficulties of the high-end edible oil enterprises can be solved.