Research On Risk Management In Online Supply Chain Finance

The stability of enterprises make social and economic stability.There are more small and medium-sized enterprises than big ones.Not only they can balance the market economy structure,but also can make a significant contribution to the development of the market economy.However,due to the small scale,low qualifications,and financing difficulties of most SMEs,they are easily vulnerable to competition.The impact of the COVID-19 in 2020 will aggravate the economic difficulties of SMEs.The emergence of supply chain finance has gradually alleviated the funding problems of SMEs and opened up a new path for the development of SMEs.Although the promotion of this financing business can speed up the financing process and improve financing efficiency,the development of online financing business has also brought corresponding problems.Once risks arise,the Internet as a carrier will also accelerate the spread of risks.In order to control risks within an acceptable range,companies also need to strengthen risk management while developing financing services.Based on all of these research ideas,firstly literature research method is used in the thesis to summarize the previous research of scholars all over the world.The financing model,risk identification and risk management which combined with the Internet were separately studied according to their research.Secondly,they found out the development of supply chain finance by comparing the differences between online and traditional supply chain finance.Financial risk management theory,information asymmetry theory and principal-agent theory which all used as theoretical basis.Finally,the thesis makes a case study on the actual situation of J mobile phone company.Several problems were found during the study of company operation.It is necessary to find out the cause of these problems and suggestions for the reference of J company are proposed.It can be summarized that: 1)Economic effects,resource effects,and synergy effects are the main reasons for companies making movements for online supply chain financial development.Effective integration of funds and resources can better enable the coordinated development of enterprises in the entire supply chain.2)It is found that a lot of problems had existed in the process of J company online supply chain financing,such as unprofessional personnel,imperfect processes,and unsound technologies.3)Through further research on these issues,we can summarize the internal and external factors that caused these issues,and then make some suggestions for improving the J company's online supply chain financial risk management system: First is from the personnel level,increasing the risk of internal management personnel of the company manage awareness and optimize staff training programs;Second is from the process level,integrate multi-party data to strengthen pre-loan review standards,design a Assessment Matrix to improve the pre-loan early warning system,and repurchase system can be used to reduce the customer's post-loan default rate.Risk prevention is carried out separately after the loan;Finally,risk management also can be improved in some other ways,such as using blockchain technology to improve the data reliability,strengthening network technology management data security,complying with industry regulations to ensure the fairness of the process,etc.All of these methods can help J Company to build up its risk management standards.Furthermore,the case study will also give some enlightenment to the development of online supply chain financial business in related industries.