Research On Risk Control Of A Company’s Supply Chain Financing

In the rapidly changing 21st century,it is difficult for companies that operate"alone" to gain a firm foothold.In order to strengthen their own competitiveness and stable development in the market,many SMEs seek affiliation and cooperation with core enterprises that have a strong voice and top operational capabilities in their own industry or supply chain.Thus,a stable financing chain centered on core enterprises is built,creating a breakthrough for SMEs to get rid of the difficulties in obtaining funds and improving credit rating under the traditional financing model.Based on the integration of industrial flow,material information flow and capital flow,supply chain financing revitalizes the whole supply chain and facilitates financing for both upstream and downstream.In the supply chain finance system,the core enterprises play an irreplaceable role,and the main source of credit for SMEs is gradually tied to the core enterprises.However,there are some problems in the process of supply chain financing,which need further theoretical and practical exploration.Against this background,the paper selects the core enterprises as the breakthrough point and analyzes the risks faced by various supply chain financing models with respect to their financing characteristics,and proposes corresponding risk control measures.Based on a systematic review of domestic and foreign literature,Company A is taken as a case study,and the risks and risk control measures in four financing modes:receivable,prepayment,order and inventory are analyzed and studied from the perspective of information asymmetry and risk management theory.First,this paper briefly analyzes the current situation,financing motives,and business model of supply chain financing of Company A.Secondly,according to different risk sources,different risk identification and analysis were conducted,including market risk,operational risk,credit risk,etc.AHP was used to quantitatively analyze the relative importance of project risks,and the most important risk types were put into the financing mode of Company A for analysis.Finally,combined with the results of risk analysis,suggestions are made on how Company A can improve the existing supply chain financing risk system and risk warning mechanism to improve the level of closure of supply chain financing companies.After analysis,the article concludes that the risk differences between the supply chain financing model and the traditional financing model are mainly reflected in three aspects,which are risk sources,risk management methods and the impact of related risks on the supply chain financing of core enterprises.Therefore,in order to prevent other SMEs in the supply chain and the whole supply chain from incurring significant risks in financing,the core enterprise A needs to analyze the causes of the risks and prevent them.This paper discusses the issues related to the risks and control of supply chain financing from the perspective of core enterprises,and combines theoretical analysis and case studies,thus helping Company A to find its position in the supply chain financing business,improve and optimize it,and prevent it.