A Study Of Supply Chain Financing Strategies For Service-based Distributors With Shortage Of Funds

In recent years,the world economy as a whole has shown a downward trend,and SMEs are facing increasingly severe financing problems due to their own credit rating and enterprise scale.As a kind of SMEs,service distributors are an important link in the product service supply chain,and in their business process,they need to consider the impact of service level on demand and the impact of service cost on revenue.The shortage of funds will have a negative impact on the subsequent transactions and progress of works of service distributors,and also have a negative impact on the development of other members in the supply chain.Therefore,each company is committed to maintaining the operation of the product service supply chain and improving the overall efficiency through improved information exchange and rational use of supply chain finance.For enterprise W,a service-oriented distributor of large equipment,carrying out supply chain financing can alleviate its capital pressure,and studying the decision problem of supply chain financing is beneficial for enterprise W to make optimal decisions and obtain optimal benefits.Based on Stackelberg game theory,this paper investigates the supply chain financing strategy problem of service dealers with capital shortage,service level affecting demand and service cost affecting revenue.The main research of this paper is divided into three points: firstly,based on the product service supply chain theory,the capital constraint of service distributors is considered,the service level and service cost are integrated,and the supply chain member’s revenue is maximized as the goal,the basic model of supply chain financing decision for service distributors with capital shortage is constructed,and the Stackelberg game model is used to derive the manufacturer’s optimal wholesale price under different credit modes,and the service distributor’s optimal wholesale price under different credit modes.The optimal wholesale price of the manufacturer,the optimal selling price of the service dealer and the optimal service level under different credit models are derived using the Stackelberg game model,and then the optimal revenue of the manufacturer and the service dealer are obtained.The effects of the basic market demand,financing rate and service sensitivity coefficient on the decision are also analyzed.Secondly,based on the characteristics of service dealers with high debt ratio and high operational risk,a model considering the risk of bankruptcy of service dealers is further constructed.The Stackelberg game model is used to derive the optimal wholesale price of the manufacturer,the optimal selling price and the optimal service level of the service dealer under different credit models,and the optimal revenue of the manufacturer and the service dealer.Further,we use sensitivity analysis to analyze the impact of bankruptcy risk on the decision.Finally,using the real business data of enterprise W,the paper validates the basic financing model proposed for the service dealer with capital shortage and the extended financing model considering bankruptcy risk,and compares and analyzes the wholesale price,selling price,service level provided by the service dealer and the revenue of each participant under the two models to give the financing decision results of enterprise W.The analysis results show that the model proposed in this paper can help enterprise W to make financing decisions.In addition,sensitivity analysis is conducted to analyze the effects of basic market demand,financing rate,service sensitivity coefficient and bankruptcy risk on the supply chain financing strategy.The research in this paper has some reference value for the supply chain financing decision of a service distributor with capital shortage.The chapters of this paper are organized as: Chapter 1 Introduction.Chapter 2presents an overview of relevant theories and literature review.Chapter 3 constructs a basic model of supply chain financing decision for capital-starved service dealers.Chapter 4 constructs an extended model of supply chain financing decision incorporating bankruptcy risk based on Chapter 3.Chapter 5 uses real business data of w enterprises to conduct case study and sensitivity analysis.Chapter 6 gives development advice in conjunction with the analysis results.