Study on the Transmission Mechanism and Control System of Financial Risk in Supply Chain
|School||Nanjing University of Technology and Engineering|
|Course||Management Science and Engineering|
|Keywords||supply chain financial risk transmission mechanism comprehensiveevaluation method early warning and control system|
In the supply chain environment that with increasing globalization and fierce competition, the financial relationships between node enterprises become more and more closely, interests relationships become more and more complex, which result in that the financial risk arising from one node enterprise will transmit to other supply chain partners and affect their production and operation activities. The frequent occurrence of finance crisis accidents in supply chain in recent years shows that the financial risk transmission in supply chain features universality and dynamics. Therefore, the research on the transmission mechanism of financial risk among node enterprises and building a comprehensive evaluation model on financial risk transmission in supply chain helps to analyze the effects of financial risk transmission on node enterprises from the perspective of supply chain and puts forward some effective measures to manage and control the financial risk transmission in supply chain, which is of great theoretical and practical significance.This paper firstly reviews the related literature inside and outside in China, and briefly summarizes the theory about financial risk and supply chain risk transmission. Then this paper analyzes the concept, classification and basic mechanism of financial risk transmission in supply chain, reveals and deeply analyzes three key factors which influence transmission of financial risk in supply chain. On that basis, this paper scientifically chooses some financial and non-financial indicators to construct an evaluation index system of financial risk transmission in supply chain. With the combination of FCE method and AHP, this paper establishes an evaluation model to evaluate the results of financial risk transmission in supply chain. After that, this paper discusses how to monitor and guard against the financial risk in supply chain generating from transmission including the presentation of control system model and construction of early warning system on financial risk transmission in supply chain and adaption of reasonable suggestion on risk control strategy. Finally, this paper takes the supply chain of LED lamp in JD company as an example of comprehensive evaluation and control strategy of financial risk transmission and comprehensively evaluate and deeply analyze five types of financial risk transmission that JD company faces in the supply chain on the basis of the model established above, and presents some thinking on selecting appropriate measures.