The Research On Financing And Operating Decisions Of Enterprises Based On Supply Chain Finance

This article is intended to study the financing of enterprises and making opera-tional decision under the condition of supply chain finance. Ever since a long timeago, the problem that the practice of material flow mismatches cash-flow in thesupply chain operating management is very prominent, which led to the low efficien-cy of the supply chain, hampering the advantage of supply chain. In the area of supplychain management theory, it assumes that the information of capital market is safe,resulting in the separation of financing and operational decision making. However, inthe real world, capital markets are not perfect. Practice has shown that enterprises’capital constraints will affect the business of operating decision. It is incompatible toconsider the financing decision and operational decision of enterprise separately. Wemust take it into account that the effects of capital constraints in the theory of supplychain management.The problem that how to coordinate the material flow, information flow and cashflow effectively in the supply chain and how to resolve the risk that the supply mis-matches demand in the material flow and cash flow. In the view of this, this researchfocuses on the operating and financing decision–making of all the relevant enterpris-es in the supply chain, as well as on the interacting mechanism, resulting in achievingthe coordination of the information flow,material flow and cash flow.The development of the variety of financing model in practice provides a verygood platform for the study on the problems of this article. The financial constraintsin the supply chain, the financing decision depends on the specific mode of financing. It is of great significance to explore the operating and financing decisions under therepresentative mode of supply chain finance and consider how to coordinate the flowof material and information flow effectively, which will maximize the value of thesupply chain as a whole. But at present, there is no system of theories and models toanalyze the problem. This study will make up for the shortcoming. This article is in-tended to study how the decisions of financial institutions will influence the decisionsof operational decisions of enterprises in the supply chain and how the operating andfinancing decisions of enterprises will impact the decisions on loaning of financialinstitutions. Not only does it have the important theoretical value, but also providestrong theoretical support for the operating in practice of enterprises and financial in-stitutions.