Study On Operation Mode And Risk Control Of Supply Chain Finance

Small and medium-sized enterprises have been suffering from financing difficulties for a long time.In recent years,the ravages of the COVID-19 epidemic have had a great systemic impact on the industrial chain,and the development difficulties of real enterprises have become increasingly apparent,especially for small and medium-size enterprise with unstable foundations.In this context,supply chain finance,as a booming emerging model,has great potential to solve the pain points of small and medium-sized enterprises.With the breakthrough,popularization and penetration of blockchain,big data,artificial intelligence,cloud computing and other digital technologies,traditional supply chain finance has also begun to transform and upgrade.The diversity of subjects and technologies has brought more opportunities and greater challenges to the development of supply chain finance.What is the motivation of carrying out supply chain finance?What are the usual operation modes of supply chain finance?Can blockchain technology and supply chain finance be good combination?What are the risks in the process of developing supply chain finance?How to control the risk of supply chain finance?How to make supply chain finance better empower the industrial chain?Those problems are what country and many enterprises should think about.In the process of developing supply chain finance,head supply chain enterprises,which rely on their huge business flow,rich application scenarios,perfect logistics system,excellent risk control ability,through the construction of digital platform,build a credible data bridge between banks and small and medium-sized enterprises,is the best carrier to carry out supply chain finance services.However,the development of supply chain finance service in our country is far from mature and perfect.The application of blockchain in the field of supply chain finance has been tried just in recent years,and such a business involving multiple subjects and multiple operation links in the implementation process of the risk and benefit of uncertainty.Therefore,what are the operation modes of enterprises to carry out supply chain finance?What are the risks in the process of developing supply chain finance?How to control the risk of supply chain finance?This paper will make an in-depth study of the above problems.Based on the information asymmetry theory,supply chain management theory and transaction cost theory,this paper uses the research method of case analysis to take Xiamen Xiangyu Co.,Ltd.,as an example.It is a leading enterprise engaged in commodity supply chain services and a core enterprise in supply chain.By studying the implementation background,operation mode,implementation effect and risk control of Xiamen Xiangyu Co.,Ltd.’s supply chain financial service platform,this paper summarizes the experience of Xiamen Xiangyu Co.,Ltd.in the implementation of supply chain financial services,in order to give advice for more enterprises to practice supply chain financial services and provide reference for the healthy development of national regulation of supply chain finance.The conclusion shows that the supply chain financial services of Xiamen Xiangyu Co.,Ltd.are generated from the need to reduce the cost of capital use,strengthen the credit control of customers,and relieve the pressure of debt repayment.After the implementation of supply chain finance,the amount of capital occupied,the speed of capital flow,and the cost of capital occupied in the supply chain of Xiamen Xiangyu Co.,Ltd.have been improved to some extent,indicating that supply chain finance has obvious effects in reducing the upstream and downstream capital occupied,improving the speed of capital flow,and reducing the cost of capital occupied by core enterprises.Through the changes in profitability,market share and operation capacity of Xiamen Xiangyu Co.,Ltd.,it can be found that supply chain finance has a positive impact on these aspects,but there is still a large room for improvement in profit rate and market share.It is necessary to make progress while maintaining stability,grasp new profit growth points and achieve greater breakthroughs.In terms of solvency,the application of supply chain finance has not significantly improved it.Xiamen Xiangyu Co.,Ltd.is still faced with high financial risks,large short-term repayment pressure and high uncertainty of investment and financing cash flow.In addition,the application of blockchain technology in supply chain finance does not significantly improve the benefits.In general,supply chain finance has better solved Xiamen Xiangyu Co.,Ltd.’s needs of reducing the cost of capital use and strengthening the credit control of customers,but has not made significant contribution to the adjustment of its asset and liability structure.At the forefront of the development of supply chain finance,no matter the core enterprises leading supply chain finance,financial institutions providing funds,small and medium-sized enterprises that may be upstream and downstream in the supply chain,or the government that has the obligation to promote the standard and innovative development of supply chain finance,all should have a correct understanding of the operation mode of supply chain finance and related risk control,and make use of supply chain finance rationally and prudently.