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You have been hired as a consultant to make recommendations for Smarty's,a healthy fast-food chain that is undergoing major expansion and is in need of a supply chain planning system.They are evaluating two commercially available software packages.What systems evaluation model will help them assess and compare the two packages? How does this model work?
Line of Credit
A flexible loan from a bank or financial institution, where a borrower can access funds up to a specified limit at any time.
Lockbox System
A service provided by banks to process payments quickly by allowing companies to have their customers send payments to a special post office box.
Disbursement Float
The time lag between when a payment is issued by a payer and when the funds are actually withdrawn from the payer's account.
Receivable Accounts
Balances of money due to a company for goods or services provided that have not yet been paid by customers.
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