Research On Strategy Of Inventory Finaccing Based On 3PL Company

At present time, small and medium-sized enterprises (SME) are generally financing problem, homogeneous competition is keen in banking and third-party logistics (3PL) companies mostly carry out low-end business which need to be industrial upgraded urgently. Inventory financing based on 3PL accords with China's national conditions at this stage which can effectively solve problems faced by the SMEs banks 3PLS at present and achieve multilateral win.This paper studies the inventory financing service involved by 3PL company. Although there have been a lot of research on inventory financing service in theoretical circle at home and abroad, but quantitative researches is still relatively small. Based on the existing literature, the role and value of 3PL companies in inventory financing services is studied in the paper by means of quantitative analysis method, then the optimal pledge rate decision made by different risk aversion degree banks by means of the bank's utility mean-variance model is studied in the paper. Finally, the financing enterprise's optimal pledge volume decision making and enterprise's default probability are studied by means of modeling and analysis.Firstly, based on domestic and foreign inventory financing services practices, the pledge modes regulatory modes and operation modes of inventory financing based on 3PL companies are analyzed and summarized in the paper. Secondly, the role and value of 3PL companies in inventory financing services is studied by means of comparative analysis of bank's expected revenue between credit loan and inventory financing, and draw the following conclusions: the bank's expected revenue can be increased the loan rate can be decrease and the loan amount can be increased when 3PL companies involved in inventory financing services. Then, by means of bank's utility mean-variance model with which the benefits and risks of the bank can be comprehensively considered, the optimal pledge rate decision made by different risk aversion degree banks under a random fluctuation of closing price is studied. Finally, the financing enterprise's optimal pledge volume decision making and default probability under random fluctuation of closing demand are studied by means of financing enterprise's expected revenue model in inventory financing services.The result of this paper will provide a decision-making reference to the parties involved in inventory financing service and provide reference to theoretical study of inventory financing as well.