Research On Supply Chain Financing Of YM Construction Company

In recent years,with the continuous strengthening of China’s infrastructure construction and the rapid development of the economic market,the construction industry has developed rapidly,and many outstanding representative enterprises in the industry have emerged.These enterprises have occupied a dominant position in the supply chain because of their strong strength,and have gathered and attracted a number of upstream and downstream enterprises.In the increasingly fierce market competition,enterprises want to break through the bottleneck of development and occupy market advantages,and the competitiveness of supply chain is highlighted.However,in addition to the core enterprises with strong strength,the number of upstream and downstream small and medium-sized enterprises accounts for the majority.The shortage of funds caused by the financing difficulties of small and medium-sized enterprises not only restricts their own operations,but also brings chain reactions on the supply chain,which has a negative impact on the efficiency of the supply chain operation.In the process of continuous development and improvement of supply chain management theory,how to use the supply chain effect to dredge the funds of each node in the chain has become a top priority.Reform the supply chain fund management mode and propose new financing methods to broaden financing channels so that small and medium-sized enterprises,core enterprises,financial institutions and other participants can gain direct or indirect benefits,driving the development of supply chain financing.As a new financing method,supply chain financing can help the upstream and downstream enterprises in the chain to jointly finance,thus solving the problem of financing difficulty in the whole chain.Compared with the traditional financing mode,supply chain financing adopts standardized management,and can share data resources in real time.Using supply chain financing can basically meet the needs of enterprises for funds.With the rapid change of the times,the traditional financing methods can no longer adapt to the market economic environment.Enterprises must keep up with the pace of the times,study how to use supply chain financing methods,break the financing difficulties through supply chain financing,package the enterprises on the chain through business cooperation,and then solve the problem of funds at each node of the chain,accelerate the speed of cash flow,save financing and operating costs,and gain cost advantages,Add value and create space.At the same time,the cooperative relationship between core enterprises and enterprises in the chain will also be strengthened by the supply chain financing business.The supply chain financing mode is to take advantage of the credit advantages of the core enterprises in the capital market of the supply chain,drive the upstream and downstream small and medium-sized enterprises through the solid industrial cooperation relationship established due to supply and demand,reduce the uncertainty of their production and operation,make the overall risk controllable,and reduce the information asymmetry of small and medium-sized enterprises,especially the information transmission obstacles caused by the financial information opacity,It enables small and medium-sized enterprises in the upstream and downstream of the supply chain to use the credit and scale advantages of the core enterprises to alleviate the problem of guarantee and financing difficulties,break through the bottleneck of financing business between commercial banks and small and medium-sized enterprises,improve the overall strength of the supply chain in which the core enterprises are located,strengthen market competitiveness,reduce the risk of financial institutions,and enhance the attraction of external funds.Based on the core enterprise of supply chain in the operation field of YM Construction Company,this paper takes its supply chain financing project as the research object,focuses on the development status of supply chain financing of YM Construction Company,analyzes the motivation of its supply chain financing mode,expounds its specific application and operation process in practice,and analyzes the effect of the mode,and puts forward targeted suggestions to YM Construction Company according to the existing problems in the process,Promote the sustainable development of supply chain financing mode.Finally,we hope that more core construction enterprises can actively participate in and integrate into this supply chain financing operation mode,and provide them with valuable experience in establishing and developing supply chain financing business.