Research On The Supply Chain Financing Model And Effect Of Yonghui Supermarket

With the transformation and upgrading of China’s economy towards high-quality development and consumption structure,the utility of supply chain financing for the real economy is becoming increasingly apparent.In many industries,the commercial retail industry is closely related to national life,and it has shown an irreplaceable important role in the context of the epidemic.The implementation of supply chain financing mode in the commercial retail industry not only alleviates the financing difficulties of small and medium-sized enterprises in the upstream and downstream of the supply chain,helps them overcome difficulties,but also effectively solves a series of pain points and challenges in the retail industry,such as cost control,inventory management,and profit decline,through the full chain connectivity.Therefore,this article selects Yonghui Supermarket,an excellent representative of domestic retail enterprises,as the research object to elaborate on the positive contribution of supply chain financing to Yonghui’s economic performance.At the same time,it proposes a series of improvement suggestions for Yonghui’s implementation of the supply chain,hoping to provide reference and reference for similar commercial retail companies when conducting supply chain finance business.This article first elaborates on the basic concepts of supply chain financing and financing models from a theoretical perspective by collecting and organizing literature,company annual reports,and other materials.It analyzes the guiding significance of supply chain financing theories in different periods for commercial retail enterprise financing.Then,based on the characteristics of the industry,and based on supply chain management theory,information asymmetry theory,transaction cost theory,and synergy theory,the composition,operation mode,and financing effects of the supply chain financing mode are sorted out.Then,in response to Yonghui Supermarket’s existing supply chain financing strategy and financing goals,the Yonghui supply chain financing mode is introduced in detail,from two levels: Yonghui’s internal and external national economic background,Analyze the reasons why Yonghui Supermarket chose the supply chain financing model,and briefly summarize the risks brought by this financing model.Finally,by comparing its own vertical and horizontal financial indicators with other commercial retail enterprises,we analyze the economic effects of Yonghui’s implementation of supply chain financing from four aspects: cost,profitability,operational effectiveness,and liquidity risk.We use Time Series Global Factor Analysis(GPCA)to construct a comprehensive indicator and compare it with the comprehensive indicator FP of comparable enterprises in the same industry,Analyze the comprehensive effects of implementing the supply chain financing model,propose improvement suggestions,and provide practical reference value for other commercial retail enterprises to develop more standardized supply chain financing models in the future.