Examlex
List the 4 goals of observing and recording.
Tailored Postponement
A supply chain strategy where the manufacturing process is initiated but the final configuration of the product is delayed until the last possible moment to better meet customer demand.
Production Cost
The total expenditure incurred in the manufacturing of a product, including materials, labor, and overhead expenses, significant for pricing and profitability analysis.
Lower Cost
The reduction in expenses or outlay required to produce goods or services, often pursued to achieve competitive pricing.
Postponement
A strategy that involves delaying production or shipment processes to closer match demand, enhancing flexibility and reducing inventory costs.
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