Examlex
Identify/define and explain the significance of the following: Huguenot.
Pull Phase
A stage in supply chain management where production and distribution are driven by actual demand rather than forecasted demand.
Postponement
A strategy of delaying the final production or distribution of a product until customer orders are received to reduce inventory costs and increase customization.
Product Differentiation
The process of distinguishing a product or service from others, to make it more attractive to a particular target market.
Customization
The process of modifying products or services to meet the specific requests or requirements of individual customers.
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