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Conclusions, Implications and Future Research Directions

In: Postponement Strategies in Supply Chain Management

Author

Listed:
  • T.C. Edwin Cheng

    (The Hong Kong Polytechnic University)

  • Jian Li

    (School of Economics & Management Beijing University of Chemical Technology (BUCT))

  • C.L. Johnny Wan

    (The Hong Kong Polytechnic University)

  • Shouyang Wang

    (Chinese Academy of Sciences Academy of Mathematics & Systems Science)

Abstract

The objective of this book was to address the benefits of adopting a pull postponementpull postponement strategy, which is enabled with a form postponement strategy, in a supply chain from a manufacturer’s point of view. In order to provide some general insights that can be applied to a wide spectrum of scenarios, we developed four postponement models based on different customer demand distributions, inventory policies and supply chain compositions. In each model, a total average cost function and some performance indicators were defined and they were used to compare with those of a non-postponement model. Our research showed that the postponement strategy is more beneficial when dealing with more than one end-product. A summary of our findings are presented as follows.

Suggested Citation

  • T.C. Edwin Cheng & Jian Li & C.L. Johnny Wan & Shouyang Wang, 2010. "Conclusions, Implications and Future Research Directions," International Series in Operations Research & Management Science, in: Postponement Strategies in Supply Chain Management, edition 0, chapter 0, pages 133-136, Springer.
    • Handle: RePEc:spr:isochp:978-1-4419-5837-2_7
    DOI: 10.1007/978-1-4419-5837-2_7
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