The cash flow advantages of 3PLs as supply chain orchestrators

人物 陈祥锋 
日期 2019年06月14日(周五)
时间 09:00 - 12:00
地点 松江校区第2教学楼220室
主办 国际工商管理学院, 国际工商管理学院工商管理系,科研与师资发展办公室
承办 国际工商管理学院, 国际工商管理学院工商管理系,科研与师资发展办公室
语言 汉语

With an increasingly open global economy and advanced technologies, some third-party logistics providers (3PLs), such as Eternal Asia, have emerged as supply chain orchestrators, linking buyers with manufacturers worldwide. In addition to their traditional transportation services, these orchestrators provide procurement and financial assistance to buyers in the supply network, especially small- and medium-sized enterprises (SMEs) in developing countries. Oftentimes, the 3PLs can obtain payment delay arrangements from the financially stronger manufacturers, which in turn can be partially extended to the SME buyers, alleviating their high costs of capital. To illustrate the efficiency improvements of the aforementioned practice, we use a model to explicitly capture the cash-flow dynamics in a supply chain consisting of a manufacturer, a buyer, and a 3PLfirm and explore the conditions under which this innovation benefits all parties in the supply chain so that the business model is sustainable. We characterize these conditions and show that the supply chain profit can be higher under leadership by the 3PL than by the manufacturer. The intermediary role of the 3PL is crucial, in that its benefit may vanish if the manufacturer chooses to directly grant payment delay to the buyers. We demonstrate that the benefit is more likely to occur with more buyers. We further identify the unique Nash bargaining solution for the transportation time and the payment delay grace period.



教授/博导,复旦大学管理学院管理科学系副系主任,复旦大学国际供应链金融研究中心主任,入选2015年教育部“长江学者奖励计划”(首届青年长江学者);纽约大学STERN商学院博士后(2006-2007),Kansas州立大学访问教授(2010,2011),MIT斯隆商学院访问学者(2012);2010年入选“教育部新世纪优秀人才支持计划”,2009年上海浦江人才计划。任供应链与运营研究会秘书长(2019-),轮值主席(2019-2021);研究兴趣:供应链合同管理、物流和供应链金融、运营管理中的金融服务和金融市场等。主持国家自然科学基金项目8项;教育部项目3项。获得全国商业科学技术进步奖一等奖1次,上海市科学技术进步奖三等奖1次。研究兴趣:供应链金融、运营和金融交叉研究问题、物流管理等;研究工作发表在国际顶级和权威期刊,如Manufacturing & Service Operations Management, Production and Operations Management, European Journal of Operational Research, 和International Journal of Production Economics等,也发表在国内顶级杂志,如《管理科学学报》等。