A company with multiple products that chooses to delay product differentiation until closer to the point of sale is using
A)tailored sourcing.
B)quick response.
C)postponement.
D)improved forecasting.

Question

Quizplus · Accepted Answer

Postponement is a strategy where a company delays the differentiation of products until closer to the point of sale. This can help to reduce costs by maintaining a standardized product until demand patterns become clear, allowing for customization and configuration of the products based on customer needs. Tailored sourcing involves working closely with suppliers to create products that meet specific needs and requirements, quick response involves rapid fulfillment of customer needs, and improved forecasting involves using data and analysis to develop more accurate forecasts of demand.

A Company with Multiple Products That Chooses to Delay Product