Case Study Of Supply Chain Finance Application Of Haier Smart Home

With the accelerating pace of global economic integration and increasingly fierce market competition,the competition between enterprises is no longer limited to one-to-one competition between individual enterprises,but a many-to-many competition between core enterprises and their chain enterprises.On the one hand,the operation and development of chain enterprises will have a restrictive impact on core enterprises.Since the Internet technology has enabled enterprises to producing,manufacturing and selling business processes,the types of chain enterprises have gradually shown a diversified development trend,and the number of small and medium-sized chain enterprises has surged.As an important part of the supply chain of core enterprises,small and medium-sized chain enterprises generally have the characteristics of small scale and low net assets,and their financing needs are often not satisfied,which will cause uncertainty over the overall stability of the supply chain.On the other hand,with the continuous acceleration of the pace of enterprise management science,the internal operation process of core enterprises has been continuously optimized,and efficient internal process management is no longer the main battlefield of core enterprise competition,but the competition between core enterprises has changed to the competition between the supply chain,that is,whether the core enterprise has a stable,efficient and dynamic supply chain system determines the future development prospects of the enterprise.Therefore,under the background of the tilt of national financial inclusion policies and the increasing importance of supply chain management of core enterprises,supply chain finance has begun to emerge in all walks of life.In the current academic circle,the mainstream research idea is to study supply chain finance from the perspective of commercial banks or internet technology enterprises,but there are few theoretical studies from the perspective of core enterprises.Therefore,this thesis starts from the perspective of core enterprises,studies the application process and effect of supply chain finance led by them through the combination of theoretical analysis and case analysis,deeply explores the path of core enterprises to apply supply chain finance,analyzes the financial and non-financial effects brought by the application of supply chain finance,and provides a theoretical and practical basis for core enterprises in industrial enterprises to carry out supply chain finance.First,this thesis organizes the relevant research on supply chain management and supply chain finance application mode and effect,clarifies the definition and characteristics of supply chain finance,summarizes the application subject,application mode and application effect of supply chain finance,and then summarizes the self-compensated trade theory,information asymmetry theory and transaction cost theory used in this thesis.Secondly,the basic situation and characteristics of supply chain finance of Haier smart home are introduced,combined with the information asymmetry theory and trade self-compensation theory,the main paths of Haier smart home application of supply chain finance are summarized: on the one hand,the overall level of the company is analyzed,and the process of building its supply chain finance platform is refined in combination with Haier smart home’s business development strategy,and then the digital supply chain management and improvement of the supply chain financial system of Haier smart home are analyzed in depth;On the other hand,the three major financial products of Haier smart home applied supply chain finance are analyzed,including accounts receivable,prepaid accounts and inventory pledge.Thirdly,combined with the transaction cost theory,the financial and non-financial effects of Haier smart home’s application of supply chain finance are analyzed.The financial effect mainly focuses on three aspects: operating capacity,profitability and solvency;the non-financial effect starts from Haier smart home and extends to the overall supply chain in which it is located,including the stability of the supply chain,the generation of synergies or not,and the risk control.Finally,combined with the comparative analysis of the application process and effect of supply chain finance of Haier smart home,the corresponding conclusions and enlightenment are obtained,hoping to provide useful references for other industrial enterprises when carrying out supply chain finance.By analyzing the case study of Haier smart home supply chain finance,this thesis concludes the following: first,high-quality supply chain is the basis for supply chain finance;second,a complete financial system is the guarantee for supply chain finance;third,carry out supply chain finance to help Haier smart home and the overall development of the supply chain in which it is located.On this basis,the following research enlightenments are obtained: first,core enterprises should adhere to the digital management of the supply chain;second,core enterprises should gradually improve their financial risk systems;third,core enterprises should adhere to the concept of collaborative development;fourth,the regulatory authorities should improve the regulatory system of supply chain finance.