Supply Chain Financing Based On Core Enterprises And Its Risk Research

In the 21 st century,the economic market is changing rapidly.It is increasingly difficult for companies that are “single-handed” to gain a foothold in the market,so they began to integrate information resources and seek to warm up.Strengthening corporate cooperation has gradually become one of the important survival rules for survival in the current market.Since the 1980 s,upstream suppliers and downstream distributors have closely integrated with well-funded and resource-rich core enterprises to stabilize their own good development,forming a supply chain with stable cooperative transactions.Based on the limitations of their own production scale and credit level,upstream and downstream SMEs encounter more checkpoints when obtaining financing,and it is even difficult to obtain financing from traditional financing channels such as banks.Therefore,it began to rely on the strength of the value chain,supply chain financing came into being and developed rapidly,becoming one of the most effective ways to solve the financing dilemma of SMEs in recent years.Supply chain financing will take the chain as a whole.The enterprises with the best economic strength,scale of operation and financial status are called core enterprises.The good reputation of the core enterprises directly affects the development of supply chain financing.Not only has it improved its own efficiency,but it has also enhanced the competitiveness of the entire supply chain,and the enterprises in the entire supply chain have thus achieved maximum benefits.The theoretical research on existing supply chain financing often cuts in from SMEs or external financial institutions,ignoring the important role played by core enterprises,making them unable to fully exert their powerful information acquisition and organizational control advantages as a strong chain,and at the same time less.This paper studies the risks faced by core enterprises in the financing process and the corresponding risk prevention measures.This is also the reason why this paper regards core enterprises as the main research perspective of supply chain financing.Based on supply chain management theory,information asymmetry theory,transaction cost theory and value chain theory,this paper selects a large-scale home appliance manufacturing enterprise with mature supply chain financing,Midea Group Co.,Ltd.(referred to as “Midea Group” in this paper)as a case.The object of the study.Through a series of qualitative descriptions and quantitative analysis of the effectiveness of supply chain financing of the core companies based on the US,this paper studies the implementation overview and risk response of Midea Group,and optimizes the existing supply chain risk response measures of Midea Group.The study found that supply chain financing is in line with the current development of the new economy,which can more rationally allocate funds in the supply chain and improve the flow of funds.As a core enterprise,Midea Group can effectively control risks and consolidate its core position in the supply chain,so that the supply chain as a whole has a better competitive advantage,realize the common value creation with the chain enterprises,and implement the supply chain financing.The core enterprise has played a successful reference and demonstration role.In addition,core enterprises need to carefully select upstream and downstream financing companies in supply chain financing practices,establish a sound risk assessment system,and establish and fully utilize the role of digital information interaction platform to more effectively implement supply chain financing.Cope with and prevent risks in a timely manner.The innovation of this paper lies in the perspective of different banks or small and medium-sized financing enterprises,but the core enterprise as the main research perspective of supply chain financing.This paper analyzes the supply chain financing and its risk issues,expands the connotation and model of supply chain financing under the background of the Internet,and briefly expounds the source of risk and preventive measures for the innovation of supply chain financing model.It is hoped that while enriching the specific case studies on supply chain financing,it will help more companies that intend to implement supply chain financing to better understand supply chain financing,and core enterprises can clearly recognize their own in the process of supply chain financing implementation.The location,the risks and feasible risk response measures to better play the role of supply chain financing.