Examlex
The invention of the cellphone predates the creation of the World Wide Web.
Postponement
A supply chain strategy that delays the final assembly or customization of a product until the latest possible time to reduce inventory costs and increase flexibility.
Product Variety
The range of different products or variations of a product that a company offers to its customers to meet diverse preferences and needs.
Overstocking
Keeping more items in inventory than is necessary, which can lead to increased holding costs and potential waste.
Understocking
Understocking is the situation where businesses have insufficient inventory to meet demand, leading to potential sales losses and customer dissatisfaction.
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