Research On The Application Of Supply Chain Finance In Home Appliance Industry

China’s financial market has been constantly innovated and upgraded,and the financial service model is also developing in a diversified direction.As an innovative financing model that helps small and medium-sized enterprises get rid of financing constraints,supply chain finance integrates the supply chain based on the real trade background,using core corporate guarantees The "logistics","capital flow","information flow" and "commercial flow" on the Internet achieve the integration of four streams,and financial institutions provide corresponding products and services according to the financing needs of different nodes in the supply chain.Among many industries,the home appliance industry presents a strong and weak industrial structure.There are many small and medium-sized enterprises in the industrial chain with financing needs.At the time when traditional manufacturing industries are facing transformation and upgrading,financial support for the real economy is the policy.Supply chain finance The application is "out of the virtual to the real",which is required to conform to the development of the real industry,so it is necessary to combine the application of the household appliance industry in supply chain finance to summarize and consolidate its evolving models and application methods.This article focuses on the application of supply chain finance in the home appliance industry.In the introductory part,we first analyze the background and significance of the research theme,then summarize the previous research results and elaborate the full text of the research content.In the main part,firstly summarize and summarize the relevant concepts involved in this article,then explain and explain the "information asymmetry" theory,"transaction cost" theory,"synergy effect" theory and "supply chain management" theory involved in supply chain finance Its manifestation in supply chain finance.Followed by listing the development history of the home appliance industry and supply chain finance in China according to changes in development patterns and analyzing the environment in which the home appliance industry develops supply chain finance under different dimensions.In the case writing section,first of all,taking TCL Technology Group in the field of home appliance industry as an example,it is described from the background of the main body and the supply chain financial application layout,and then by analyzing the three product models suitable for the home appliance industry to develop traditional supply chain finance and making corresponding comparisons Analyze and summarize the similarities and differences between different supply chain financial product models and put forward the common problems in the current product model.Next,start from the main supply chain financial application "simple exchange" platform,conduct a comprehensive case analysis from specific business processes,product models,risk control,and implementation effects,and compare and analyze with other main players to summarize the TCL platform line Insufficiency of financial application on the supply chain and propose an optimized path.With regard to the conclusion of the case study,TCL Financial “Simple Exchange” platform adopts the online financing of accounts receivable,connecting the capital supply side and the capital demand side to form internal closed-loop financing.Through the splittable and repurchasable accounts receivable Financing products provide financing services for upstream "1-N" level suppliers.Through a horizontal comparative analysis of the changes in the financial indicators of the group and the industry before and after the establishment of the platform,it was found that TCL Technology Group helped the group effectively optimize the financial structure through supply chain financial applications,reduce the leverage ratio of core enterprises,and improve the inventory turnover efficiency.For financing companies,the platform can flexibly use the detachable accounts receivable to improve the financing efficiency of supply chain enterprises,reduce financing costs and enhance the comprehensive competitiveness of the supply chain.Through comparative analysis with other financing model cases,it is found that the core enterprises are developing ’S online supply chain financial platform has shortcomings such as "closedness","small scale of funds" and "over-reliance on core companies",and proposes the practice of "introducing a third-party" credit reporting system,multi-channel funds and strengthening blockchain technology.Recommendations for optimization.By summarizing the case and the relevant content in the previous article,this paper concludes that the core enterprise taking the "simple exchange" platform as an example to develop an online supply chain financial platform model has the advantages of optimizing the financial structure of the core enterprise,improving the stickiness between supply chain enterprises and being effective The summary conclusion of improving the financing efficiency of the fund demand side,and based on the above research conclusions,condensed the inspiration of developing supply chain finance business in the same industry and looking forward to the future application direction of supply chain finance in the home appliance industry.The conclusions of this paper will provide references for core supply chain enterprises to optimize supply chain financing models and promote the healthy development of the supply chain ecosystem,as well as to enrich case studies under the theme of supply chain finance.