Question: For a research topic: optimization of inventory management through data analytics in a pharmaceutical company. Help with writing the following: 1 . Research problem statement:

For a research topic: optimization of inventory management through data analytics in a pharmaceutical company.
Help with writing the following:
1. Research problem statement: should be a short paragraph, breifly explain the background of the problem, area of concern, what needs justify the research, indicate why you believe that it is, in fact a research problem.
2. Research objectives (3 objectives): list research objectives fundamental to the research, what are the practical/real-life problems faced with that topic.
Here are some of the objectives I came up with, are they appropriate, if not please provide some or edit the ones I already have: 1. To reduce excess inventory, 2. To reduce stockouts and understocking, 3. Improve accurate demand forecasting, 4. To evaluate current inventory management practices at the company.
3. Research methods (Research Methodology): what methods should be taken to achieve the research objectives, present the approach to be followed to solve the reaesrch problem.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!