Research On The Credit Ecological Advantages Of Supply Chain Finance

With the development of the industrial internet,the importance of supply chain finance has become increasingly prominent,and the credit ecosystem constructed by supply chain finance enterprises has gradually received attention.Nowadays,the competition between enterprises has shifted from individual competition to competition between the supply chains in which they are located.The problems of information asymmetry among enterprises within the supply chain,credit failure to reach small and medium-sized enterprises at the end,leading to financing difficulties,all limit the overall development of the supply chain.To this end,leading industrial enterprises actively build their own credit ecosystem by developing supply chain finance.Enterprises represented by Xiaomi and OPPO,through the convenience of platform technology,continuously enrich their supply chain finance products,create a credit environment for themselves and upstream and downstream enterprises in the supply chain,and thus build their respective competitive advantages.This study mainly adopts exploratory case study method and empirical research method.In terms of micro cases,starting from the actual situation of Xiaomi and OPPO,we will study the paths and methods for core enterprises to develop supply chain finance,improve the overall efficiency of the supply chain through the development of supply chain finance,form a complete credit ecosystem,and make profits from it as a part of the ecosystem.Based on the comparative analysis of two cases,two development ideas and competitive advantages of supply chain finance,namely the "platform co-vertical model" and the "network co-horizontal model",are summarized.The "platform co-vertical model" is a full chain trust achieved by aggregating various organizations and communities in the credit ecosystem through the platform,and credit is transmitted step by step along the supply chain;The "network co-horizontal model" is a new ecosystem of all things integrated in a networked manner.At the same time,the deep-seated reasons for the formation of its advantages are explored,namely the " level-by-level penetration trust mechanism" and the "flat sharing trust mechanism".The level-by-level penetration trust mechanism is a reliable and inclusive trust mechanism that naturally transmits credit through the industrial chain hierarchy;The flat sharing trust mechanism is a networked structured trust mechanism centered around the core enterprise,where entities are independent of each other and share resources.In terms of industrial demonstration,the following conclusions can be drawn: firstly,the comprehensive and pure technical efficiency of the Xiaomi industrial chain is higher than that of the OPPO industrial chain,reflecting that the Xiaomi industrial chain has more investment and the development of supply chain finance is more in-depth.Secondly,from the perspective of scale efficiency,the problem with the Xiaomi industrial chain lies in its prominent polarization,while the scale efficiency distribution of enterprises in the OPPO industrial chain is relatively balanced.It can be seen that while the "platform co-vertical model" represented by Xiaomi deepens vertically,there is also an issue of uneven resource allocation.However,the "network co-horizontal model" represented by OPPO,although not optimal overall,has relatively small differences among various participating entities.Thirdly,the reason for the differences in comprehensive technical efficiency,pure technical efficiency,and scale efficiency lies in the different inputs of core enterprises,namely different levels of participation and business positioning.The better the resource allocation of enterprises in the development of supply chain finance,the more perfect the overall credit ecosystem of their industrial chain,and the higher the financing efficiency.This study is based on case analysis and extends to the general laws of the industry through empirical research,revealing the impact of supply chain finance development on the industrial credit ecosystem,making certain theoretical contributions to the credit ecosystem;At the same time,it also provides practical guidance and relevant suggestions for core enterprises to develop supply chain finance and improve business performance,which has important practical significance.