Provide three examples of international companies that use postponement to their advantage. What steps do they delay to gain a supply chain advantage?
Provide three examples of international companies that use postponement to their advantage. What steps do they delay to gain a supply chain advantage?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Provide three examples of international companies that use postponement to their advantage. What steps do they delay to gain a supply chain advantage?
Expert Solution
Step 1
It is quite important to sense the customer's demand and responding to it in a manner which is profitable for the company. These days companies have to maintain a huge stock of inventory which create a risk of too much of the non selling inventory. and having a limited stock as hot selling.
Designing the products for postponement and for last stage product completion in a manner that it is close to the demand can ensure a greater level of profitability for the organisation.
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