PolyU research: Supply chain finance enhances supply quality and predictability of collaboration
PolyU research: Supply chain finance enhances supply quality and predictability of collaboration
A research study co-authored by Prof. Mike LAI Kee-hung, Co-Director of Research Centre for Environmental, Social, and Governance Advancement (RCESGA), Associate Dean (Academic Support) of Faculty of Business, Chair Professor and Interim Head of Department of Logistics and Maritime Studies, examined the impact of supply chain finance on supply chain resilience from three perspectives: (1) the accuracy of supply-demand matching; (2) the stability of supply-demand relationships; and (3) the quality of supply. The findings indicated that supply chain finance can effectively enhance performance in these three areas, thereby strengthening enterprises’ ability to cope with frequent—albeit relatively minor—disruptions such as demand fluctuations and localised logistics delays in day-to-day operations.
Furthermore, the study found that higher levels of supply chain finance foster stronger collaboration between upstream and downstream participants in the logistics industry, leading to more stable, closer supply-demand relationships. By extending the creditworthiness of core enterprises to small and medium-sized enterprises (SMEs), supply chain finance helps them overcome financing challenges and improve cash flow. Meanwhile, banks can leverage data such as orders, shipments, and payments to continuously monitor contract performance, reduce moral hazard and default risk, and enhance the predictability of collaboration.
The study recommended that enterprises incorporate supply chain finance into their long-term cooperation frameworks, rather than viewing it merely as a short-term financial instrument, and design dedicated financing solutions for core suppliers and customers to secure stronger collaborative commitments, such as supply priority and joint contingency arrangements.
Prof. Lai suggests that enterprises can promote supply chain finance in three steps: First, establish a robust data foundation by integrating Enterprise Resource Planning (ERP), logistics, and financial systems to ensure that order, inventory, and payment information can be securely accessed and verified by banks and fintech partners. Second, select an appropriate supply chain finance model. Export-oriented enterprises may focus on developing accounts receivable factoring and order financing, while those with a high proportion of procurement from the Chinese Mainland may consider building platforms in partnership with core suppliers and Mainland banks. Finally, link supply chain finance to resilience KPIs. In addition to monitoring financing costs, enterprises should also continuously track indicators such as the supply stability rate, fluctuations in transaction cycle, days of inventory for key materials, and innovation output, to provide a concrete assessment of the effectiveness of financial tools.
Online coverage: Wen Wei Po - https://polyu.me/3ZAXhBf
理大研究:供應鏈金融提升供應質素及合作可預測性
由香港理工大學環境,社會,和治理促進研究中心聯席主任、工商管理學院副院長(學務統籌)、物流及航運學系暫任系主任兼講座教授黎基雄教授參與進行的一項研究,從三個層面探討供應鏈金融對供應鏈韌性的影響,包括:一、供求匹配的準確性;二、供求關係的穩定性;三、供應的質素。研究結果顯示,供應鏈金融能有效提升上述三方面的表現,增強企業應對日常頻繁但規模較小的擾動(如需求波動、局部物流延誤等)的能力。
此外,研究亦發現,供應鏈金融水平愈高,物流行業上下游的合作亦隨之提升,供需關係更趨穩定緊密。核心企業的信用可透過供應鏈金融延伸至中小企業,協助其紓緩融資困難及資金周轉慢的問題。銀行則可運用訂單、出貨及回款等數據,持續監控合同履行情況,降低道德風險及違約行為,提升合作的可預測性。
研究建議,企業宜將供應鏈金融納入長期合作框架,而非僅視其為短期財務工具,並為核心供應商及客戶設計專屬融資方案,以換取更高的合作承諾,如供貨優先權及共同備援方案安排。
黎教授指出,企業可循三個步驟推動供應鏈金融:首先,建立穩固的數據基礎,整合ERP、物流及財務系統,確保訂單、庫存及收付款資料能安全地供銀行及金融科技夥伴讀取與驗證。其次,選擇合適的供應鏈金融模式。出口導向型企業可重點發展應收賬款保理及訂單融資,而內地採購比重高的企業,則可考慮與核心供應商及內地銀行合作共建平台。最後,將供應鏈金融與韌性KPI掛勾,企業除關注融資成本外,亦應持續監測供貨穩定率、交易週期波動、關鍵物料庫存天數及創新產出等指標,以具體量化金融工具的成效。
網上報導: 文匯報 - https://polyu.me/3ZAXhBf