The Analysis Of Different Supply Chain Finance Modes Based On Capital Constraint

With the competitive market environment, most of medium and small-sized enterprises(SMEs) have failed to get the funding loan from banks due to their limitation of scale and property. And the government and more scholars have been concerned about the difficulty of SMEs finance. The supply chain finance as a new financing model came into being to better solve the SMEs finance problem. Supply chain finance is that the banks provide overall financing service to the different enterprises in the supply chain. In the capital-constrained supply chain, the banks pour the capital into the supply chain to make it run effectively in order to improve its value.This research mainly focused on the choice of financing model under the condition of capital constraint by studying the enterprises operation and finance decision under the model of traditional supply chain finance and supply chain internal and external finance.Firstly, qualitative research on supply chain finance. Mainly introduce the basic theories related to the supply chain finance, including the concept of supply chain, supply chain management, supply chain finance and its characteristic and supply chain finance model s. Then introduce the supply chain finance development present situation and trend at home and abroad. In this part, through the qualitative research, mainly get the overall understanding of the supply chain finance.Secondly, specify the research theme and learn domestic and foreign literatures about the supply chain financing and production operations systematically. And the literatures mainly involve the following three aspects: 1) The capital-constrained members in supply chain decision on operation and finance. 2) The operation and finance decision under the conditions of commercial credit financing especially when the suppliers allow retailers to delay the payment. 3) The capital-constrained members in supply chain decision on operation and finance under different financing models.Finally, carry on model construction, variable parameters setting, model calculation and analysis. Under the uncertain and certain condition, carry on the analysis on the operation and financing decisions under the traditional finance mode and supply chain internal and external finance mode respectively. On one hand, study the influence of supply chain internal and external finance on the overall value of the supply chain; On the other hand, the retailers and suppliers will tend to choose what kind of finance mode. In the end, provide some suggestions to solve the financing problems of small and medium-sized enterprises.