Examlex
Work done by STATIC FRICTION is always
Postponement
A strategy where the final assembly or customization of a product is delayed until the latest possible time to reduce inventory costs and respond to customer demand more precisely.
Backward Integration
A type of vertical integration where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain.
Horizontal Integration
A strategy where a company acquires or merges with other companies at the same level of the supply chain in the same or different industries, to increase market share or product offerings.
Purchasing Savings
Cost reductions achieved by negotiating lower prices or finding more efficient procurement methods.
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