A Postponement Policy is a strategy used by organizations to delay certain actions or decisions until more information is available. This approach helps in managing risks and uncertainties, allowing businesses to make better-informed choices. It is often applied in areas like production, inventory management, and project planning. By implementing a postponement policy, companies can respond more flexibly to changes in demand or market conditions. For example, a manufacturer might hold off on finalizing a product design until customer preferences are clearer, reducing the chances of overproduction or wasted resources.