Supply Chain Finance (SCF) Digital Transformation Solution for Enterprises in Vietnam based on SWOT matrix analysis

Abstract

Introduction: Digital transformation of supply chain operations in general and supply chain finance (SCF) in particular is an inevitable trend for domestic and international enterprises to contribute to improving financial efficiency and optimizing cash flow. This article focuses on proposing solutions to apply digital transformation technology to build SCF digital transformation solutions to support Vietnamese enterprises participating in digital SCF activities, contributing to ensuring that the supply chain is regularly connected, avoiding interruptions, breaks and maintaining sustainable connections. The author uses the SWOT analysis method to assess the current status of SCF digital transformation of enterprises in Vietnam, thereby proposing solutions to support enterprises to apply digital SCF more effectively when participating in the supply chain.

Objectives: Researching the strengths, weaknesses, opportunities and challenges of digital transformation for SCF activities of enterprises and organizations that sponsor enterprises participating in the supply chain. Thereby, the article researches and uses the SWOT matrix analysis model to analyze and propose solutions for strategic consulting on SCF digital transformation activities, connecting enterprises and organizations that sponsor the supply chain.

Methods: The article uses survey methods, investigating businesses to collect data; Use descriptive statistics to synthesize, analyze and process survey data. At the same time, use SWOT matrix analysis method to analyze strengths, weaknesses, point out opportunities and challenges of SCF digital transformation in businesses. Thereby, propose solutions to effectively implement SCF digital transformation.

Results: This article has researched and proposed solutions to apply digital transformation technology to build SCF digital transformation solutions to support Vietnamese businesses participating in SCF digital transformation activities by analyzing the SWOT matrix with 4 main factors (S, W, O, T) to survey and evaluate the current status of SCF digital transformation of 50 businesses and organizations in Vietnam. Through this solution, it will help ensure that the supply chain is regularly connected, avoid interruptions, breaks and maintain sustainable connections between parties including: Supplier (seller) - Sponsor/financial institution - Enterprise (buyer).

Conclusions: The article focuses on the current status of SCF operations and SCF digital transformation to support businesses in Thai Nguyen province, Vietnam to participate in the supply chain based on the collection, synthesis and analysis of related studies, and a survey of 50 businesses in Thai Nguyen province. At the same time, the article presented and used the SWOT matrix analysis method to analyze the strengths and weaknesses, pointing out the opportunities and challenges of SCF digital transformation in businesses. Proposed solutions and recommendations for effectively implementing SCF digital transformation in businesses.