A Research On Supply Chain Financial Risk Control Based On E-commerce Platform Of Aluminum Industry

In recent years,the constant promotion of "Internet Plus" strategy offers a chance for various industries to complete industrial upgrading.Represented by "Zhaogang Web",the rapid development of B2B e-commerce of the vertical field not only incurs revolution in the manufacturing industry,but boosts the economic vigor of the entire Chinese market.As a strategic resource,aluminum occupies a huge market.With the long-term evolution of B2B e-commerce of the aluminum industry,it has ungraded from information service and transaction service to supply chain finance service,capable of solving various financial problems including financing difficulty,deferred financing and high-cost financing,etc.After years of research and practice,the traditional supply chain finance is relatively mature in terms of its business model,thus being able to provide significant references to aluminum e-commerce supply chain finance in its preliminary stage.However,since new business models often go with unknown financial risks,it is necessary to study the relevant control risk in order to meet the constantly developing need of the supply chain finance service.To begin with,three operation modes of traditional supply chain finance are analyzed in the paper,namely the accounts receivable financing,warehouse receipt financing and prepayment financing.Meanwhile,it explores the operation modes of other approaches of e-commerce supply chain finance,including electronic order financing,electronic warehouse financing and accounts receivable financing.With e-commerce LB web of the aluminum industry as its research object,the paper investigates its operation model and supply chain operation mode.Through a case study of electronic order financing and electronic warehouse financing,the paper figures out potential risk control points existing in each link,which turn out to chiefly lie in credit risk and market risk.A risk evaluation index system is set up with the help of AHP for the control of credit risk,in which the weighted value of each index is calculated.The credit rick rating of e-commerce platform can offer reliable decision basis for the loan of financial institutes.The control of market risk is affected by the risk of loss resulting from the depreciation of electronic warehouse pledges.With historical aluminum ingot price as its data foundation,the paper conducts quantitative analysis of the pledge rate of aluminum pledges with the help of VaR model,the analyzing process and result of which can help elevate the management level of market risks for financial institutes.