Research On Financial Risk Management Of Supply Chain By General Order Contractor

Under the environment of mass customization,customized product orders are usually delegated to a general order contractor by the demand side.The general order contractor assumes a lot of responsibilities in the overall order management process including product quality assurance,on-time delivery and partner settlement.And the payment for goods is settled according to the contract only after the general order contractor performs the responsibility of product quality and on-time delivery according to the contract.In order to relieve capital pressure,improve capital efficiency and reduce operating costs,supply chain financial instruments will be applied in order execution by the general order contractor.Most of the existing research results on supply chain financial risk are from the perspective of bank,few are from the perspective of general order contractor.From the perspective of the general order contractor and based on the actual business situation,financial risk of order financing by general order contractor and supply chain financial risk under the guarantee of the general order contractor are studied respectively in this paper,which tries to start from the role of the general order contractor in such a business,reveal the formation mechanism of supply chain financial risk,while exploring the countermeasures of supply chain financial risk management,and providing theoretical support for existing business practices.Aiming at the issue of supply chain financial risk of order financing by the general order contractor,the supply chain structure and business process of two business models of single commission and sub-commitment are described.Starting from the role of the general order contractor in the order financing business,the formation and performance of the supply chain financial risk is analyzed,and the cooperative management strategy of supply chain financial risk based on deferred payment is proposed.Through the above researches,it is concluded that the cooperation between supply chain enterprises can be promoted,the coordination of supply chain operation can be effectively improved and the benefits of supply chain enterprises can be increased by setting appropriate credit period when the supplier fully meets the product quality requirements and delivery time.Aiming at the issue of supply chain financial risk under the condition of the general order contractor guarantee,the business process of the two types of business models,namely,inventory pledge financing and order financing of component supplier under the condition of the general order contractor guarantee,is described.The roles and supply chain financial risks of the general order contractor in the two business models are analyzed,which establishes supply chain financial risk assessment system based on the general order contractor and proposes the supply chain financial risk assessment and early warning management countermeasures.The innovation of this paper is that based on the financial risk of the order financing in the business practice and the financial risk of the supply chain under the condition of the general order contractor guarantee,from the perspective of the general order contractor,two kinds of supply chain financial risk management countermeasures,namely,supply chain financial risk coordination management of general order contractor based on deferred payment,supply chain financial risk assessment and early warning management under the condition of the general order contractor guarantee,are proposed respectively.The supply chain financial risk management in practical business is summarized theoretically.