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The necessity of digital technology in the supply chain finance network based on digital integration
Author(s):
1. Bingyu Fan: Supply Chain Management, School of Management, University Sains Malaysia, 11700, Penang, Malaysia
2. Noorliza Karia: Operations Management, School of Management, University Sains Malaysia, Penang 11700, Malaysia
3. Haiyue Cheng: Marketing(DEA), School of Distance Education, University Sains Malaysia, 11700 Penang, Malaysia
Abstract:
Modern enterprise information consultancy and management firms are evolving with a fresh paradigm. This model emphasizes primary businesses and oversees the capital, data, and logistical operations of small to medium-sized entities. It aims to transform unpredictable risks into manageable supply chain enterprise risks, ensuring the most minimal financial service risks. Additionally, supply chain finance offers a broad spectrum of financial solutions for businesses throughout the supply chain. As technology advances, this has given rise to a novel supply chain financial ecosystem. This network can effectively execute supply chain finance operations. Notably, supply chain finance is inherently a credit-based financing system. Conventional techniques fall short in addressing the trust issues within the financial network of supply chain finance. This study introduces a digital methodology for financial network scrutiny. Initially, computer systems are employed to probe the trustworthiness challenges of the financial network, segmenting indices based on the network's demands to mitigate interfering elements. Subsequently, these systems evaluate the financial trust impacts on the supply chain, establish a financial network blueprint, and undertake a holistic examination of the financial network outcomes. Simulations in MATLAB indicate that, when assessed under specific criteria, the digital technology's financial network trust in supply chain finance surpasses traditional approaches in network reliability.
Page(s): 218-226
DOI: DOI not available
Published: Journal: International Journal of Communication Networks and Information Security, Volume: 15, Issue: 2, Year: 2023
Keywords:
Digital technologies , Computer Technology , Supply Chain Finance , Supply Chain Financial Network
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