Sentence:  Localization makes use of a process known as "postponement", which refers to the method by which the commitment of a product to its final form or destination is delayed. When decisions on the final product configuration are made ahead of market demand, there is the risk that the products that are in finished goods are not what the customer demands. The philosophy of postponement ideally begins on the <WSD>drawing board</WSD> when the products are designed with late configuration in mind. 
Meaning of the word marked with <WSD> tags:  The planning stage of a project.