write a paragraph on postponement
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Answer:
Postponement is a business strategy which maximizes possible benefit and minimizes risk by delaying further investment into a product or service until the last possible moment. An example of this strategy is Dell Computers' build-to-order online store. One of the earliest references to the concept was in a paper by Zinn and Bowersox in the Journal of Business Logistics.[1] They highlighted five types: Labelling, Packaging, Assembly, Manufacturing and Time postponements.
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Postponement is a concept in supply chain management where the manufacturer produces a generic product, which can be modified at the later stages before the final transport to the customer.
One of the earliest references to the concept was in a paper by Zinn and Bowersox in the Journal of Business Logistics.[1] They highlighted five types: Labelling, Packaging, Assembly, Manufacturing and Time postponements.
One of the earliest references to the concept was in a paper by Zinn and Bowersox in the Journal of Business Logistics.[1] They highlighted five types: Labelling, Packaging, Assembly, Manufacturing and Time postponements.A successful example of postponement – delayed differentiation – is the use of “vanilla boxes”.[2] Semi-finished computers are stored in advance of seeing the actual demand for the finished products. Upon seeing the demand, thus with no residual uncertainty – these “vanilla boxes” are finished by adding (or removing) components. The three key interrelated decisions are: (a) how many different types of vanilla boxes to stock, (b) in what quantities, and (c) how to finish to meet the order most effectively.
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