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Management of uncertainty through postponement
journal contribution
posted on 2023-06-08, 11:21 authored by Biao YangBiao Yang, Neil Burns, Chris BackhouseIt has long been recognized that one of the most important tasks for any organization to cope with is uncertainties. However, uncertainty in the business environment has still been the main cause of failure in industry. The paper investigates the role of postponement in the management of uncertainty. The concept of postponement is developed to include product development postponement, purchasing postponement, production postponement and logistics postponement. These postponement strategies are all presented to cope with different levels of uncertainty. Finally, conclusions are drawn and some remarks about further research are made.
History
Publication status
- Published
Journal
International Journal of Production ResearchISSN
0020-7543Publisher
Taylor and Francis LtdExternal DOI
Issue
6Volume
42Page range
1049-1064Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes