دانلود رایگان مقاله انگلیسی تامین مالی زنجیره تامین: از سنتی به رتبه بندی اعتباری زنجیره تامین - الزویر 2018

ABSTRACT

Traditional credit rating models, adopted by financial institutions to assess the credit risk of a company, adopt a purely financial perspective, and often fail to properly assess small and medium enterprises. On the other hand, buyers usually assess suppliers by means of comprehensive vendor ratings, considering a broad range of operational performance. This paper investigates whether financial and vendor ratings can be integrated into a supply chain credit rating model that jointly considers financial indicators of the supplier and its operational evaluation provided by buyers; the paper also investigates the benefits and the challenges of such a model for all the stakeholders involved (buyers, suppliers, financial institutions, and technology providers), adopting the lenses of the stakeholder theory. We adopted both multiple case studies and an iterative focus group, involving representatives from suppliers, buyers, financial institutions, and technology providers. The results confirm the potential value of such an integrated rating, mainly for strategic suppliers, showing the expected benefits for all stakeholders and highlighting the potential challenges to face.

9. Conclusions and future developments

The goal of this paper was to investigate the possibility of developing an innovative approach to credit rating, by combining the traditional financial rating performed by financial institutions with the vendor rating (adopted by buyers to monitor their suppliers) into a supply chain credit rating.

We pursued this goal by means of a twofold methodology, consisting of both multiple case studies and multiple focus groups.

Through the empirical analysis, we were able to show that vendor rating (i.e., on-time delivery, quality, responsiveness, flexibility), performed by buyers regarding their strategic suppliers, have great potential value if combined with financial data, to develop a better credit rating. We have also highlighted the benefits expected for all the stakeholders involved (buyers, suppliers, financial institutions, and technology providers), and finally the challenges they face. By discussing our results, we have been able to formulate research propositions that summarize the main findings and will allow the development of a supply chain credit rating, as well as further research on the topic, e.g. by testing such propositions in future studies.

We believe that our findings provide significant contributions to both research and practice, as well as present several limitations and open up new research directions, described in following paragraphs.