Research On Decision-making Of Supply Chain Financing With Accounts Receivable Based On Different Contracts

As an important part of the supply chain,the stable operation of Small and medium-sized enterprises will play an important role in the stability and coordination of supply chain.Only when the supply chain as a whole stable operations,each enterprise will play its maximum efficiency.However,most small and medium-sized enterprises are short of funds.And due to their size limitations,it is difficult to get loans under the traditional way.At the same time,the accounts receivable of assets occupied a lot of money,make capital turnover speed is reduced greatly.as a new type of financing services of commercial Banks,SCF Accounts receivable financing model not only provide a solution for the financing difficulties of small and medium-sized enterprises,and become the new business growth point of commercial bank.The decision of SCF Accounts receivable financing mode is influenced by many factors.And the interaction of operational and financial decisions cannot be ignored.At present the research about accounts receivable financing decision is less to consider the impact of supply chain contract.Based on this background,this paper built the benefit model,analyzed decision of every one and supply chain coordination combined with the different contract based on a single two-level supply chain consisting of a supplier and retailer.This paper first introduces the concept of supply chain finance accounts receivable financing,their business processes and related theory of supply chain contract.And then established the basic model of accounts receivable financing,compared the decisions and the earnings under decentralized decision and centralized decision.Then introduced the buyback contract,quantity discount contract and revenue sharing contract aiming at supply chain coordination to be analyzed respectively.Finally by an example,made comparative analysis on optimal decision and earnings.The research results show that:the decentralized decision may lead to supply chain operation efficiency is low,the buyback contract,quantity discount contract and revenue sharing contract can improve the earnings of a supply chain.The goods of different attributes can use the appropriate contract i to coordinate the supply chain.Banks loan-to-value ratio decision-making and earnings will also change,After suppliers and retailers signing the different contract.buyback contract and quantity discount contract is to improve the Banks' earnings except the revenue sharing contract.Compared with other two kinds of contracts,quantity discount contract effect on suppliers,retailers and Banks' earnings increase obviously and the coordination effect is best.