| Supply chain finance has become an important entry point to break through the financing bottleneck of small and medium-sized enterprises.With the increasing importance of sustainable development concept,the simple competition between enterprises in economic benefits has been transformed into sustainable competition in economic,social and environmental aspects,and the single competition between enterprises has evolved into sustainable competition between supply chains.The sustainable supply chain finance formed by the integration of sustainable concept into supply chain finance is an important way for dominant core enterprises to drive the common development of upstream and downstream,supply chain to sustainable development,industrial chain to win-win,and common realization of sustainable development.From the perspective of the core enterprises of supply chain,this paper analyzes the impact of sustainable supply chain finance on the supply chain cost of enterprises and its path,focusing on how the impact of sustainable supply chain finance on the whole supply chain and upstream and downstream small and medium-sized enterprises is fed back to the core enterprises and how it has a positive or negative impact on the supply chain cost of the core enterprises.This paper mainly adopts the case study method,event study method and other methods,takes Haier Smart Home as the case,sorts out the development of its sustainable supply chain finance,and analyzes its influence on enterprise supply chain cost through various paths.The study summarized the development of sustainable supply chain finance of Haier Smart Home into three stages: the Foundation Stage of Supply Chain Finance(2006~2015),the Construction Stage of Supply Chain Common Interests(2015~2019),and the In-depth Stage of Supply Chain Sustainable Concept(2019~2022);The sustainable concept integrated into supply chain finance is based on the sustainability of economy,society and environment;On this basis,from the three aspects of economic,social and environmental impact to analyze the sustainable supply chain finance on the supply chain cost of Haier Smart Home.The research results show that sustainable supply chain finance has an impact on the cost in both the procurement and sales links of the supply chain,and at least has a positive impact on the cost of the supply chain of core enterprises,mainly through the impact on the capital flow and information flow of the upstream suppliers and downstream dealers in the supply chain in the cooperation transaction.The detailed results are as follows:(1)Alleviating financing constraints of small and medium-sized suppliers and affecting supply chain procurement costs;(2)Improve the bargaining power of core enterprises or strengthen their right to speak in the supply chain;(3)Reduce the dependence of core enterprises on large suppliers;(4)Alleviate the financing pressure of small and medium-sized dealers;(5)Reduce the intermediate link between the downstream of the supply chain and the customer,and promote the flattening of the downstream of the supply chain;(6)Help core enterprises to accumulate better dealer or customer resources,these six ways to reduce the supply chain cost of core enterprises.At the same time,based on the above research results,this paper also puts forward enlightenment and suggestions for the core enterprises in the supply chain,small and medium-sized enterprises in the supply chain and government policies.This study further discusses the impact and development of sustainable supply chain finance,expands the research perspective of sustainable supply chain finance,and enriches the research literature including supply chain finance,sustainable development,sustainable supply chain finance and supply chain cost.In addition,this study is conducive to enlighten more and broader application scenarios and development prospects of sustainable supply chain finance,and help improve the awareness of sustainable development of supply chain member enterprises. |