Traditionally, supply chain management practices have been static:
Firms, like Dell, tend to rely on long-term relationships with key
trading partners, like Microsoft. Market efficiency would surely
increase if more dynamic supply chains were in place instead, giving
firms easy access to information about changing market conditions and
allowing them to alter their trading partners accordingly. Despite
the potential benefits of such flexibility, the inherent complexity of
managerial decisions in dynamic supply chain settings has thus far
inhibited their widespread adoption. The Trading Agent Competition in
Supply Chain Management (TAC SCM) is a model of dynamic supply chain
management that is intended to stimulate research on technologies that
could make dynamic supply chain management feasible.