Research On Supply Chain Financing Mode Led By Trina Solar

The refinement of social division of production has transformed the production subject from a single enterprise to an enterprise cluster,and gradually formed an industrial supply chain with large enterprises as the core and small and medium-sized enterprises as the division of labor and cooperation.Market competition has stepped into supply chain competition from a single enterprise.In the supply chain competition,the upstream SMEs are faced with the dilemma of financing constraints due to the problems of small scale,weak ability to resist risks,poor financial standardization,and few mortgagable assets.This phenomenon leads to production obstruction of small and medium-sized upstream suppliers and reduces the overall value of the supply chain.In order to alleviate the financing pressure of upstream SMEs,supply chain management expands from information flow and logistics to capital flow,and gradually forms a supply chain financing mode.The existing literature mostly studies the supply chain financing mode from the perspective of single small and medium-sized enterprises or commercial banks,and pays less attention to the role of core enterprises in the supply chain and the supply chain financing mode dominated by them.Therefore,this paper introduces the core enterprises in the supply chain to study their leading supply chain financing mode,which has a certain theoretical and practical significance for the study of supply chain financing.This paper takes Trina Solar as the research object to study the supply chain financing mode led by core enterprises.Firstly,the photovoltaic industry facing high cost of financing,financing channel less but financing needs big imbalance between supply and demand,the national support the development of photovoltaic industry and the supply chain under the background of financial innovation,Trina Solar based on promoting its own development,alleviate the upstream enterprise financing difficulties,the purpose of promoting the value of the supply chain as a whole,using its in the core position in the supply chain to implement supply chain financing.Secondly,the general situation of supply chain financing led by Trina Solar is described,and the specific business process of this financing mode is further analyzed.Finally,the implementation effect and development suggestions of the financing model are analyzed.It is found that the implementation of this financing mode,on the one hand,improves the capital turnover efficiency of the core enterprise Trina Solar and optimizes the financial structure;On the other hand,it reduces the information asymmetry of upstream SMEs and relieves their financing pressure.Further from the supply chain financing scope,supply chain financing risk management,supply chain personnel training,supply chain financing information platform construction and other aspects of the development of the model.This paper takes Trina Solar as the research object to explore the implementation effect of supply chain financing led by core enterprises on core enterprises and upstream suppliers.On the one hand,the conclusions of this paper enrich the literature on case study of supply chain financing model;On the other hand,it has certain practical significance to alleviate the limited financing problems of SMEs and improve the overall resource allocation efficiency of supply chain.