Research On The Innovation Of Supply Chain Finance Based On The Modular Theory

Supply Chain Finance is an effective way to solve the financing problem of Small and Medium Enterprises. It provides financial support for SMEs revolves around the core enterprise of the supply chain. As a financial and supply chain management concept that intersects, Supply Chain Finance plays an important role for improving the competitiveness of the Supply Chain with Financial Constraints. It is becoming a new field of Commercial Banks. Supply Chain Finance is the practice leader in the development of the theory. Business presented the concepts and frameworks in practice (as Storehouse, Confirmed positions etc.) all suppose that Third-party logistics companies can master the logistics activities, understanding the supply chain node and in close cooperation with the banks on the financing of risk control. However, few studies go from the theoretical model of third party logistics role in the supply chain and its overall value and supply chain relationships. Therefore, there is important theoretical and practical significance that the author research on the problems and innovation space of the existing Supply Chain Finance and analysis the optimal role of the Third Party Logistics enterprise theoretically.This paper mainly applies the modular theory to research on the innovation issues of the Supply Chain Finance, and theoretically analysis the optimal role of third-party logistics enterprises in the supply chain with financial constraints. Based on the modular decomposition of the typical supply chain model, this paper specifically analyzes the using of the current three basic models of the Supply Chain Finance (Accounts receivable financing, Storehouse model and Confirmed Warehouse model) in suppliers and distributors modules with financial constraints, further investigates the problems and innovation space of the existing mode of Supply Chain Finance. The author also tries to build a new model of supply chain financial service—"Order-Accounts Receivable financing mode" to fill the blank that existing pattern used in the stocking phase of the supplier module. At the same time, based on modular decomposition, the author uses mathematical model to calculate supply chain benefits in order to analysis the optimal role of the third-party logistics enterprises in the supply chain with financial constraints. The paper concluded that for the Third-Party Logistics enterprises, "Control role" and "Agent role" are better than "Traditional role", and "Control role" is the best role. And then the author proposes that 3PL companies should conduct business innovation to make a transformation to "Control role" and "Agent role" in order to enhance their competitiveness.Integrated above, the paper uses the modular theory to research on the innovation space and programs of the Supply Chain Finance. And it also theoretically analysis the optimal role and competitive strategy of the Third Party Logistics Enterprise in a supply chain with financial constraints. It hopes that this paper will have a certain reference value on improving the Supply Chain Finance services and the competitiveness of the supply chain with financial constraints.