A Bank’s Optimization For Supply Chain Finance Under Electronic Trading Platform Of Guangdong Province Pharmaceutical Trading Center

With rapid development in recent years, banking business has entered a new era of fierce competitions. At the same time, most of the products of banks are the same. How to achieve competitive advantage by improving products and processes is a big challenge for banks. Bank A is one of the national shareholding commercial banks and intends to improve its supply chains financial products by joining the Electronic Trading Platform of Guangdong Province Pharmaceutical Trading Center. Bank A strives to improve its supply chain financing processes, cut the cost of management, increase efficiency, so as to enhance the comprehensive competitiveness.First, this article introduces the background and basic theories of the rise of supply chain management and supply chain finance. It summarizes the development status of Bank A’s corporate business, and introduces its product system of supply chain finance. It also points out the problems existing in various processes in the supply chain financial management and analyses the causes of the problems.Secondly, with the coming of the network era, cooperation between banks and electronic platforms has become a favorable competition weapon for banks. This article summarizes bank A’s optimization project for supply chain finance under the electronic trade platform by seizing the opportunity of joining the Electronic Trading Platform Of Guangdong Province Pharmaceutical Trading Center. According to the characteristic of the settlement of the pharmaceuticals industry, this project improves the product system by optimizing the cash management service It also optimizes the processes of its supply chain finance, including lowering credit approval standards in assessing new customers, simplifying the procedure of customer status reviewing and reducing the use of paper in document filing in the future. Besides, because of the information from the platform, Bank A has the advantage of absorbing new customers on a large scale stead of one by one. Under this project, customers can experience Bank A’s good services. At the same time, it leads to cost reduction for the customers. This project also helps solving the problem of the financing difficulty of small and medium-sized enterprises and has achieved good social benefits.Finally, this article proves the effectiveness of the project by two cases and analyzes the effect of the platform on Bank A’s supply chain finance. Bank A summarizes the differences of supply chain finance before and after the project. It points out that this project contributes to the development of Bank A supply chain finance. It also points out the problems that this project has to face and the direction of the future.Bank A’s project of combining supply chain finance with Electronic Trading Platform of Guangdong Province Pharmaceutical Trading Center optimizes the supply chain finance product lines and business processes. It enhances efficiency and reduces cost of the whole supply chain. This project reaches a multi-wins effect and can be used for reference to cooperation between supply chain finance and electronic trade platform.