Abstract
Abstract: The Industrial Revolution has brought about immense changes in the market globally. Since then, we have been seeing an ever-increasing change in demand trends across various industries around the world, and at the same time, the advancements in science and technology over the years have been another reason for the growth and diversification of the global market. [9][10] According to sources, the supply chain management market has steadily grown from $15.85 billion in 2020 to $21.95 billion in 2023 and is expected to reach $30.91 billion by 2026. In today's world, the growth in population and increasing requirement for commodities, acts as another challenge for the network chain between the manufacturer and consumer.[11] It is very important to manage the involved factors in these chains to maintain proper balance and ensure efficient production at the manufacturer's end, effective distribution of these commodities, and timely fulfillment of consumer demands. This project aims to provide a brief understanding of the importance and steps involved in the management of this Demand-Supply chain.
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