The Decision And Risk Analysis Of Logistics Enterprises’ Inventory Financing Based On Unified Credit Mode

In the21st century, with the rapid development of China’s economy anddiversification of logistics enterprises’ functions, a variety of supply chain financemodel based on third-party logistics enterprises innovate and provide effectivesolution to small and medium-sized enterprises’ financing problem. Inventoryfinancing, as a primary operating mode of supply chain finance, develops increasinglyand become mature gradually. Its business model can be divided into warehousereceipts pledge, the regulatory delegate, the unified credit, logistics bank and so on.Inventory financing based on unified credit means that banks give loans tologistics enterprises according to their qualifications, then companies lack of financeuse their own inventory as pledged property to get loans from logistics enterprises. Itis widely used because it has the advantages of easy operation and avoiding risks.This thesis studies the problem of inventory financing based on unified creditmode and uses qualitative and quantitative analysis methods to establish logisticsenterprises’ revenue model. The model gives exploratory introduction of coresuppliers’ buyback guarantees behavior on borrowing retailers. It uses buyback priceand buyback rate to describe guarantee level and considers the degree of logisticsenterprises’ supervision. Then the model comes to the conclusion that logisticsenterprises’ expected profits has positive correlation to core enterprises’ buyback rate,buyback price, the unit cost of logistics services, self-regulation degree. It also givesthe optimal pledge rate of logistics enterprises and does numerical example. Finally,we give a detailed analysis of the risks of logistic company based on inventoryfinancing under unified credit. Fuzzy Comprehensive Evaluation Method isintroduced into this part to evaluate the risk. And suggestions are provided to controlthe risk at last. We also give the cases of CMST and other large logistics enterprises’inventory financing situation and illustrate the value of my research result in practice.