Research On Credit Risk Management Evaluation Of Manufacturing Enterprise From The Perspective Of Supply Chain Finance

Supply chain finance is a product of the development of the times,and an effective way to solve corporate financing difficulties.Under the traditional credit model,financial institutions dominate,and risks are mainly biased towards financial institutions.With the application of the Internet of Things and big data,supply chain finance has become a research hotspot in solving the financing difficulties of small and medium-sized enterprises.Traditional credit led by financial institutions is no longer the only model.Through supply chain finance,more entities are involved,including manufacturing companies.The manufacturing industry is an important part of my country's national economic structure and the cornerstone of my country's national economy.The development level of the manufacturing industry is an important indicator of the overall development level of a major country's industry.In the context of changing the development mode of the national economy and increasingly fierce international competition,manufacturing companies are facing many obstacles and difficulties for their development.Among the many factors that hinder its development,the financial dilemma has always been a sticking point that is difficult to circumvent.In recent years,the supply chain financial service program has developed rapidly and has become a successful innovation to solve the financing dilemma of manufacturing enterprises.This article starts from the perspective of small and medium-sized manufacturing companies,Based on previous research results,the concepts and characteristics of supply chain finance and supply chain credit risk are introduced.In addition,it analyzes the influencing factors of supply chain financial risks and the credit risk management process;Secondly,on the basis of the reasons and significance of building a credit risk system,Based on the characteristics of supply chain financial credit risk,this article elaborates the design principles and design ideas of the evaluation system,and designs a credit risk indicator system;Third,this article uses the five-year financial data of 16 Shenzhen SME board listed manufacturing companies as a model,uses factor analysis to reduce the dimensionality of the indicators,and further combines the Logistic regression model to construct a default probability model;Finally,this paper takes a small and medium manufacturing company A company in Jiangsu Province as a case,and verifies the validity of the supply chain financial credit risk probability model of small and medium manufacturing companies by comparing the probability of compliance with company A under the traditional credit model.