Research On The Motivation And Effect Of Supply Chain Financing Of Muyuan Stock

With the emergence of new technologies such as cloud computing,Internet,and artificial intelligence,the competition among enterprises is no longer based on the competition of individual enterprises,but on the competition between supply chains and industrial chains.Enterprises must not only rely on their own resources,but also work closely with all parties in order to gain a competitive advantage in the market.The new model of supply chain financing is to connect the enterprises on the chain to form a stable supply chain and fully realize the maximization of their respective values.It takes advantage of the high credit of core enterprises to create financing convenience for small and medium-sized enterprises in the supply chain,to achieve a win-win situation among core enterprises,small and medium-sized enterprises in the chain and commercial banks,and to create a foundation for the overall competitiveness of the supply chain.This paper first analyzes the current situation of supply chain financing at home and abroad.Secondly,due to the continuous expansion of production capacity,Muyuan shares bear greater financial pressure,and urgently need new financing methods to alleviate the shortage of funds,so it began to implement supply chain financing business in 2018.Therefore,based on supply chain financing theory,supply chain management theory,transaction cost theory and information asymmetry theory,this paper selects Muyuan shares as the research object.Through analysis,it is found that Muyuan shares solve the problem of limited financing of SMEs in the supply chain based on the social responsibility of the supply chain;meet their own financing needs and reduce financing costs;the supply chain financing business was carried out to enhance the value of the supply chain and to be motivated by national policies.In addition,the effect of Muyuan ’s supply chain financing is obvious :(1)Muyuan has improved its capital turnover and utilization efficiency through supply chain financing business,but it also needs to pay attention to further deepening the operating performance of operating capacity and alleviating the pressure of capital flow shortage;(2)Carrying out supply chain financing business reduces procurement costs,production costs and financing costs,and strengthens its own cost control ability.(3)The development of supply chain financing business enhances the function of enterprises to pay interest,which has a positive impact on the improvement of enterprises ’ solvency;(4)Carrying out supply chain financing makes Muyuan have more customer resources,enhances customer stickiness,makes its own supply chain more stable,and promotes the ecological construction of the industrial cluster where the enterprise is located.Finally,in the process of analysis,this paper finds that the whole supply chain financing business still has problems such as high credit risk,lack of professional management talents and limited supply chain financing tools.Therefore,this paper puts forward some suggestions based on these problems.In the development of supply chain financing business,we should establish a perfect credit control system,cultivate professional management talents and expand supply chain financing tools,so as to provide reference for core enterprises and other enterprises carrying out supply chain financing business.