EBK PRODUCTION AND OPERATIONS ANALYSIS
EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 9781478628385
Author: Olsen
Publisher: WAVELAND PRESS (ECONTENT)
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Chapter 6.9, Problem 24P
Summary Introduction

Interpretation:One of the concepts in supply chain management is postponement. Apply this concept to postpone some of your decisions before going on a holiday trip.

Concept Introduction:Postponement is a strategy to delay (postpone) investing in one or more supply items till a predetermined time/event. This reduces/delays the extent of investment of money and space as far as practical to maximize profits.

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