Postponement can be understood as a way to change the form, identity, or location of products at the latest possible point in time and can be applied at different levels in the supply chain. A detailed theoretical framework that can assist companies in adopting, consolidating, and evaluating this strategy is not available in the literature. The aim of this paper is to propose a model approach to the postponement concept based on drivers, steps for implementation, and performance measures. This study used a qualitative approach and the theoretical-conceptual method focused on the literature review and the development of new theories on the adoption of the postponement strategy. The time frame of the study included articles on the subject between 1950 and 2012. A theoretical framework that shows the variables and steps required to implement the postponement strategy was created.