Abstract
In recent years, sustainable supply chains that balance economic development and the environment have become an inevitable focus for many businesses and industries. Supply chain finance as the core driving force for supply chain development, plays a vital role in resolving any financing difficulties that exist in many small and medium-sized enterprises (SMEs) in the upstream and downstream of the supply chain. However, most SME supply chain financing assessments currently use economic indicators as the sole measure of the evaluation system and rarely consider sustainability. While existing supply chain financing decision-making systems can resolve SME financing problems to some extent, the one-sided pursuit of maximum economic benefits is contrary to sustainable development and does not assist financial institutions in avoiding finance risks. Therefore, this paper, based on the theory of the triple bottom line (economy, environment, and society) from a sustainable development perspective, innovatively proposes an SME financing evaluation model for supply chain finance that applies a fuzzy multi-criteria evaluation method combined with Topsis. Additionally, at the end, an example is given to demonstrate model validity and evaluate the best possible SME financing model for financial institutions.
Highlights
The transition from competition between single companies to competition between supply chains is an inevitable market development
Research in the Supply chain management (SCM) discipline has increasingly been conducted under the concept of sustainable supply chain management (SSCM)
The closure of these enterprises will inevitably bring incalculable losses to investors; when assessing small and medium-sized enterprises (SMEs) supply chain financing in the context of SSCM, it is necessary to break through the traditional single evaluation perspective focused on economic benefits and focus attention on the economic benefits that can be derived from enterprise development while paying attention to corporate social responsibility and restricting environmental damage
Summary
The transition from competition between single companies to competition between supply chains is an inevitable market development. In China, for example, there are already 176,000 “polluting” enterprises scattered across 28 cities, and those that fail to meet the new sustainability standards are to be shut down, regardless of whether they have good operating conditions and rapid growth The closure of these enterprises will inevitably bring incalculable losses to investors; when assessing SME supply chain financing in the context of SSCM, it is necessary to break through the traditional single evaluation perspective focused on economic benefits and focus attention on the economic benefits that can be derived from enterprise development while paying attention to corporate social responsibility and restricting environmental damage. This paper takes sustainable development theory as the basic premise for the development of an effective finance evaluation mechanism for supply chain SMEs that coordinates the transition from a single financial assessment to encompass economic, social, and environmental aspects.
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