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Conference Paper: Warehouse financing risk analysis for SMEs in China
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TitleWarehouse financing risk analysis for SMEs in China
 
AuthorsLuo, Z1
Wong, E1
Tong, F1
Tan, CJ1
Ying, Y1
 
Keywords3PL
Carbon trading
China
Risk transfer diagram
SCOR
Service innovation
SME
Warehouse financing
 
Issue Date2010
 
CitationProceedings - 2010 International Conference On Service Science, Icss 2010, 2010, p. 43-48 [How to Cite?]
DOI: http://dx.doi.org/10.1109/ICSS.2010.69
 
AbstractWarehouse financing has emerged as one of the most promising financing approaches for small and medium-sized enterprises (SME). Its basic working mechanism is to transfer the company's assets to collaterals which are more acceptable by the banks. In this paper, we take the position of illustrating how a logistics service provider, the 3rd Party Logistics (3PL), can transform into a financing service provider to coordinate and control the financing logistics processes. With the professional 3PL's help, it is much easier for SMEs to get loan from a bank. In the meantime, the 3PL's business opportunities will be increased by providing financing service in addition to their traditional logistics based functions. This paper first compares different available financing technologies and points out that warehouse financing is one of the most effective financing means for SMEs. After introducing the basic working mechanism of warehouse financing, the risk analysis framework is developed by applying SCOR reference model to identify the financing activities and associated risks. The implementation cost of this approach is reviewed. Future work will be devoted to product and service design for 3PLs based on the warehouse financing mechanism. An outlook for applying this approach for risk analysis in carbon trading and financing is also presented. © 2010 IEEE.
 
DOIhttp://dx.doi.org/10.1109/ICSS.2010.69
 
ReferencesReferences in Scopus
 
DC FieldValue
dc.contributor.authorLuo, Z
 
dc.contributor.authorWong, E
 
dc.contributor.authorTong, F
 
dc.contributor.authorTan, CJ
 
dc.contributor.authorYing, Y
 
dc.date.accessioned2010-09-17T10:58:06Z
 
dc.date.available2010-09-17T10:58:06Z
 
dc.date.issued2010
 
dc.description.abstractWarehouse financing has emerged as one of the most promising financing approaches for small and medium-sized enterprises (SME). Its basic working mechanism is to transfer the company's assets to collaterals which are more acceptable by the banks. In this paper, we take the position of illustrating how a logistics service provider, the 3rd Party Logistics (3PL), can transform into a financing service provider to coordinate and control the financing logistics processes. With the professional 3PL's help, it is much easier for SMEs to get loan from a bank. In the meantime, the 3PL's business opportunities will be increased by providing financing service in addition to their traditional logistics based functions. This paper first compares different available financing technologies and points out that warehouse financing is one of the most effective financing means for SMEs. After introducing the basic working mechanism of warehouse financing, the risk analysis framework is developed by applying SCOR reference model to identify the financing activities and associated risks. The implementation cost of this approach is reviewed. Future work will be devoted to product and service design for 3PLs based on the warehouse financing mechanism. An outlook for applying this approach for risk analysis in carbon trading and financing is also presented. © 2010 IEEE.
 
dc.description.naturelink_to_subscribed_fulltext
 
dc.identifier.citationProceedings - 2010 International Conference On Service Science, Icss 2010, 2010, p. 43-48 [How to Cite?]
DOI: http://dx.doi.org/10.1109/ICSS.2010.69
 
dc.identifier.doihttp://dx.doi.org/10.1109/ICSS.2010.69
 
dc.identifier.epage48
 
dc.identifier.scopuseid_2-s2.0-77954906101
 
dc.identifier.spage43
 
dc.identifier.urihttp://hdl.handle.net/10722/92815
 
dc.languageeng
 
dc.relation.ispartofProceedings - 2010 International Conference on Service Science, ICSS 2010
 
dc.relation.referencesReferences in Scopus
 
dc.subject3PL
 
dc.subjectCarbon trading
 
dc.subjectChina
 
dc.subjectRisk transfer diagram
 
dc.subjectSCOR
 
dc.subjectService innovation
 
dc.subjectSME
 
dc.subjectWarehouse financing
 
dc.titleWarehouse financing risk analysis for SMEs in China
 
dc.typeConference_Paper
 
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Author Affiliations
  1. The University of Hong Kong