Study On Financing Optimization Of Confirmed Warehouse Considering Supplier Repurchase Rate

With the advancement of global economic integration,enterprises are more and more closely linked.Competition between supply chains is slowly replacing competition among enterprises.Small and medium-sized enterprises(SMEs)are unable to expand their production and operation activities because of their weak capital strength and low credit rating,which makes financing difficult and expensive,thus reducing the efficiency of the whole supply chain.As one of the modes of supply chain finance,Confirmed Warehouse Financing can help solve the problem of capital constraints of SMEs.Core suppliers can provide repurchase guarantees for downstream vendors,making it easier for them to obtain bank loans,thus achieving win-win situation.Therefore,based on the above market background,this paper first analyses the concepts,characteristics and operation processes of different modes of supply chain finance.Then,supplier repurchase rate is added as risk control index.Aiming at the secondary supply chain composed of a single vendor and a single manufacturer,the decision-making and optimization of supply chain participants under the traditional financing mode and the supplier repurchase guarantee mode are studied respectively.The results show that the total benefit of the financial supply chain remains unchanged when the order quantity is fixed.According to the repurchase rate of the supplier,funds are allocated among the participants in the supply chain.At the same time,the order quantity of the retailer under decentralized decision-making is smaller than that under centralized decision-making in the supply chain,and the overall benefit of the former supply chain is smaller than that of the latter.On this basis,revenue sharing contracts are added to coordinate and optimize the profits of all parties.Suppliers and banks distribute part of their profit increment to sellers through revenue-sharing contracts.The profit allocation rate of banks and suppliers to sellers and the interest rate range of banks after reducing are obtained.On the one hand,supplier repurchase and revenue sharing contract encourage the retailer to increase the order quantity and improve the overall profit of the supply chain.At the same time,the profit of the retailers is compensated,so that the profits of the three parties are increased,thus realizing coordination and optimization of the supply chain.