Final answer:
Statement A is true. Statement B is false. Statement C is true. Statement D is true.when making customization decisions.
Step-by-step explanation:
Statement A is true. When a company makes finishing touches to a product close to its original point of manufacture, it is practicing postponement. Postponement refers to the practice of delaying the customization or final assembly of a product until it is closer to the point of customer demand. This helps to reduce lead times and inventory costs.Statement B is false. Practicing postponement can actually be a winning strategy given the rapid advances in technology. By postponing customization, a company can take advantage of the latest technology and adapt its product to meet changing customer needs and preferences.
Statement C is true. Postponement adds flexibility and agility to manufacturing and distribution processes. By delaying the customization or final assembly of a product, companies can respond more quickly to changes in demand and reduce the risk of being left with obsolete or excess inventory.Statement D is true. Practicing postponement can be advantageous from both an inventory and forecasting standpoint. It allows companies to reduce inventory holding costs by postponing customization until customer demand is known more precisely. It also improves forecasting accuracy as companies have more accurate information about customer demand when making customization decisions.