Understanding Postponement in Workflow

Postponement is a strategic approach that involves delaying final steps in a process until the last possible moment to enhance flexibility and accuracy. For instance, a manufacturing facility like Nike optimizes its production by preparing raw materials without finalizing customization until an order is received, thus reducing waste and excess inventory. This method contrasts with traditional workflow practices in accounting firms, where work is often completed from start to finish without accommodating the cyclical nature of workloads. By adopting a postponement strategy, accounting firms can enhance their efficiency, especially during peak seasons, by pushing as much work as possible into pre-work stages.