I need help coming up with a problem statement based on the attached peer reviewed journal. Must be 5 sentences and follow this formal: The general problem to be addressed is the inefficiency in supply chain lead times within pharmaceutical production warehouses, resulting in delays and operational inefficiencies. Fukuda (1964) sought to better manage inventory by developing Dual-Index Policy (DIP), an optimal policy for consecutive lead times, demonstrating that a dual-base stock policy, specifying two base stock levels for each supplier and tracking them against two inventory positions as cited in Hamdouch et al., 2023). Arıkan et al., (2014) argued that supply chain’s lead time increased due to certain transportation assets (18 wheelers, box trucks) inability to transport certain raw material during multi-channel transportation (as cites in Sarkar et al., 2021). Manager adjusts safety stock levels post-reorder to reduce costs, and with heightened ambiguity, holds greater quantities in the warehouse; potentially occupying valuable warehouse space and increasing storage cost (Kim et al., 2022). The specific problem to be addressed is the potential impact of prolonged lead times on inventory management and customer satisfaction, resulting in decreased competitiveness and increased costs for pharmaceutical companies. Sentence 1will be the specific problem. Sentence 5 will be the general problem. Sentences 2-4 will be supporting sentences pulled from peer review journals no older than 5 years. I’ll also need help coming up with 2 research questions (if using the qualitative method plus null and alternative hypothesis) or 3 research questions (if using the qualitative method).
