Research On Optimization Of Order Financing Of Supply Chain In Small And Medium-sized Enterprises

Supply chain finance is a kind of commercial financing mode.It develops rapidly and meets the demand of non-core enterprises for liquidity through means such as accounts receivable pledge,cargo pledge,and order financing.Order financing,as one of the new types of financing methods,has received increasing attention.However,SMEs have a disadvantageous position in the distribution of income under this model.At present,domestic and foreign literatures have little research on the income distribution of income subjects under order financing,especially the four parties(banks,SMEs,core enterprises,third-party logistics enterprises).Therefore,in the actual business,it is of special significance to optimize the distribution of income during the four-party game.This paper describes the basic theory related to order financing,the operation mode of order financing and the difference from traditional financing,and then analyzes the risk and return of the four parties income subject involved in order financing.Subsequently,with reference to a large number of documents,taking into account the costs and benefits of the parties,through Order amount,bank pledge rate?loan term ? capital cost rate ? loan interest rate,SME re-production yield,core enterprise capital operation yield ? repayment period,logistics enterprise operating cost rate and regulatory expenses and other parameters,whether the company defaults as the decision variables,the bank's loan as the premise,and setting the default cost and the compliance reward.Finally,the corresponding income function of the four parties is drawn,the order financing game model is constructed.based on which,the respective income value in the non-cooperative game,and the joint income of the two parties,the three parties and the four parties are obtained.Combined with the specific example,the Shapley value method is used to distribute the income.It can be seen that the joint income of the four parties is the largest when they choose not to default.In optimizing revenue distribution,three indicators are mainly introduced: input cost,information contribution degree,and scientific and technological innovation ability.Experts are given the weight to build a complete cloud center of gravity model.The final Shapley value shows that banks and core enterprises have given up some benefits.SMEs and third-party logistics companies both obtained benefits.The main conclusion is to promote the cooperation of the four-party income subject in a long-term way through a reasonable income distribution method,andprovide guidance for the financing of SMEs.The example shows the bank's profit,which is also in line with the fact that bank loan interest has declined in recent years.For financial institutions such as banks,the core enterprises play the role of implicit guarantee for small and medium-sized enterprises,and third-party logistics companies can also review small and medium-sized enterprises for banks.Corporate credit reduces the risk of lending to SMEs and,in the long run,expands the quality of the customer base.SMEs can also solve the problem of financing difficulties and financing,and successfully complete orders.Although the core enterprises also have given up some profits,they reduce the cost of the supply chain and meet the needs of their own transformation and upgrading.For third-party logistics companies,due to the supervision of logistics,information flow,familiar with the market,it is easy to build trust with banks,promote long-term cooperation and obtain profits.