KingMeritus is a wholesaler of automobile parts for the OEM market and the aftermarket. The Company is working to reduce its costs. According to a company vice president, KingMeritus will begin "monitoring its suppliers and other members of its distribution channels, and when necessary, quickly collaborating with them to improve quality and to reduce costs and solve problems early." In other words, KingMeritus is going to make greater use of:

Question

Quizplus · Accepted Answer

KingMeritus's strategy of monitoring suppliers and collaborating with distribution channel members to improve quality and reduce costs aligns with the principles of supply chain management, which focuses on overseeing and managing the flow of goods and services from the point of origin to the point of consumption.

KingMeritus Is a Wholesaler of Automobile Parts for the OEM