The Research Of Accounts Receivable Financing Model On Z Company Under The Perspective Of Supply Chain

In today's society,small and medium-sized enterprises(SMEs)is an important part of the social and economic system,SMES play a vital role in increasing national income,providing a lot of jobs for the community,alleviating employment pressure.However,in the process of the development of small and medium-sized enterprises,the financing difficulty has gradually become,the bottleneck of its healthy development.Because of the difficulty in obtaining sufficient finance,a lot of SMES are faced with the risk of shortage of funds,which has triggered a heated discussion among scholars about how to improve SMES financing model.Based on the above background,this paper is mainly divided into three parts:the first part introduces the background and related theoretical analysis;the second part analysis firm facts,and establishes a model to compare the efficiency,then concludes that the most efficient model is Non-recourse factoring financing by Fuzzy Comprehensive Evaluation Method,the last part suggests how to carry accounts receivable financing in high efficiency.From the perspective of enterprise Z,on supply chain,the article aims at finding out its financing problems.At the same time,combining with the financing present situation,the research studies the feasibility of Z enterprise implementation of accounts receivable financing mode.Thus,by establishing the fuzzy comprehensive evaluation,the article will compare three kinds of accounts receivable financing way financing efficiency from the financing cost and financing risk,financing,financing mechanism specification,financing subject freedom and capital utilization aspect,according to the fuzzy distribution principle of choosing the highest efficiency model,we will choose the highest efficiency model for Z company accounts receivable financing mode,the results showed that the most suitable for Z enterprises is factoring financing without recourse.At last,this paper puts forward some countermeasures and suggestions for the smooth development of Z enterprises.