Study On Supply Chain Financing Risk Of X Construction Machinery Company

Due to the blind expansion of the construction machinery industry in the last decade,there is a large amount of equipment in the society,and the industry competition is increasingly fierce,which finally leads to serious overcapacity and huge market ownership.Core enterprises used various models for promotion,business conditions continued to reduce,the amount of accounts receivable increased,cash collection speed slowed down.At the same time,the financing efficiency of small and medium-sized enterprises was low,the financing cost was too high.The implementation of supply chain financing in the industry can greatly alleviate the phenomenon,Core enterprises can use supply chain financing to effectively optimize their financial situation,small and medium-sized enterprises can thus obtain financing support.But the implementation of the financing model comes with risks,study how to do a good job in risk identification,analysis and prevention is of great practical and theoretical significance.Compared with the more mature supply chain financing risk research abroad,the research on supply chain financing risk in China has just started,and its application in reality is not universal.Starting from the theory and the background of construction machinery industry,this paper points out that the supply chain financing mode has great advantages in solving the financing difficulties of small and medium-sized enterprises in the construction machinery industry and in optimizing the financial situation of core enterprises.Meanwhile,it also points out the necessity of prevention and control of supply chain financing risks.After theoretical explanation,the risk control case of X company in supply chain financing is introduced.The background of the case is introduced first,mainly including the basic situation of X company,the operation process,necessity and feasibility of X company's implementation of supply chain financing,as well as the specific implementation effect.Secondly,with the support of information asymmetry theory,transaction cost theory,credit rationing theory and risk management theory,this paper makes qualitative and quantitative analysis of supply chain financing risks of X company,summarizes its risk control measures and deficiencies,and puts forward further optimization and improvement Suggestions.Finally,through the case analysis of supply chain financing risk of X company,it is concluded that supply chain financing can optimize the financial situation of core enterprises,alleviate the financing difficulties of small and medium-sized enterprises,and also increase the financial risk of core enterprises.Core enterprises need to strengthen risk control according to the characteristics of the industry.It is hoped that the research on supply chain financing risk control of X company can be more effectively and widely promoted in the construction machinery industry.