The concept of postponement advocates that commitment, as to the form and place of commodities, can be delayed to the latest possible point in the supply chain (Bowersox and Morash 1989). Although this concept was first proposed in the early 1950s (Alderson 1950; Bucklin 1965), increased application and interest have been noted only recently (e.g., Closs et al. 1998; Feitzinger and Lee 1997; Pagh and Cooper 1998; van Hoek, Commandeur, and Vos 1998). This is reflective of the move toward customization and recognition of inventory risks and logistics costs for firms.
Zinn and Bowersox (1988) examined the benefits of implementing form postponement strategies in place of the …