Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/92533
標題: 供應鏈金融之代墊貨款模型探討–以第三方物流觀點
The Advanced Payment Model in Supply Chain Finance–From the View Point of the Third-Party Logistics
作者: Chih-Hung Lin
林志鴻
關鍵字: 供應鏈融資;第三方物流;代墊貨款;supply chain finance;third-party logistics;advanced payment
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摘要: 
Along with the influence of the e-commerce and business outsourcing, the development of third-party logistics (3PLs) has been much matured and the service which is provided by the 3PLs has been much diversified in the last decade. Apparently, third-party logistics play an important role in the supply chain systems. After the financial tsunami in 2008, many strict financing problems have been torturing SMEs (small and medium enterprises). At the same time there are various supply chain financing facilities have been developed which help to alliviate the funding shortage for the SMEs. One of the supply chain financial solutions is advanced payment implemented by a 3PL company. This solution can reduce the operating risk of fund shortage for the suppliers and give retailers the trade credit. Most of all, the 3PL can increase the growth of profit. On the other hand, because of the integration of good flow, information flow and cash flow, the advanced payment makes the operation of the supply chain more efficient.

The mathematical model of advanced payment is established to illustrate the profit model of a 3PL company. In each different situation, we can verify that an optimal advanced payment rate exists which maximizes the expected profit. This paper find the profit's growth is based on the customer's demand orientation. When the demand for the finance-added service is a linear function of the advanced payment rate, providing the novel financing facility can dramatically increase the 3PL's profit. Moreover, the degree of change and correlation in the expected profit, the performance improvement, and optimal advanced payment rate can be demonstrated by a numerical experiment.

In the future, the logistics companies can strengthen their competitive advantages by providing the value-added service of advanced payment and create much more financial channels for SMEs. Up to now, the research of supply chain finance is still in the emerging phase. Therefore, this study on the advanced payment model may provide a direction for the further research in the academic and practical fields.

隨著電子商務的興起與企業外包的趨勢影響,第三方物流在近十年來的發展愈趨成熟,提供的服務項目愈趨多元化,同時也在供應鏈整合當中扮演重要的角色。在2008年全球金融海嘯之後,中小型規模的企業面臨到更嚴峻的資金借貸問題,許多新型態的供應鏈融資工具乘勢而起,為中小型企業帶來資金短缺的解決方案,其中由第三方物流提供代墊貨款的模式能為上游供應商減少因資金缺口導致的營運風險、也使下游零售商能爭取到賒銷貿易的期間,同時也為第三方物流帶來利潤的成長,透過物流、資訊流與金流的整合為整體供應鏈帶來更有效率的運作。

本篇透過數理模型建構第三方物流提供代墊貨款服務之下的利潤模型,在不同的交易情境之下,求得最適代墊貨款乘數使其期望利潤極大化。本研究發現第三方物流提供附加金融服務所能獲致的利潤增長幅度與代墊貨款之需求具有密不可分的關連性。此外,本文更進一步透過數值演算與敏感度分析來觀察在不同參數組合之下,期望利潤、績效改善值與最適代墊貨款乘數的變化程度與相關性。

未來台灣物流業者也許能透過代墊貨款的附加價值服務來拓展新的獲利來源,並為中小型企業創造更多融資的管道;目前台灣對於供應鏈金融的研究仍處於萌芽階段,本研究希望透過代墊貨款模型的研究為往後在學術及實務上提供一個參考的方向。
URI: http://hdl.handle.net/11455/92533
Rights: 不同意授權瀏覽/列印電子全文服務
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