combines classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment.

Postponement

Explanation:

In supply chain management, postponement occurs when a manufacturer or a producer manufactures a generic product, which is then subject to modification at a later stage before the product is finally assembled or packaged and then transported to the customer. This strategy enables goods to be stored for a long period of time and hence gives the manufacturer the opportunity to exploit the business environment

Postponement is most times a deliberate action of the manufacturer to delay product distribution util a customer demands for the goods. This reduces cases of manufacturing wrongly.

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