More than third years have passed since someone coined the term “supply chain management” to describe the innovative management concept. Through several decades of evolution, it has become one of the most popular business disciplines thanks to the rapid rise of high profile multinational firms such as WalMart and Dell which successfully leveraged their supply chain excellence as the competitive differentiator. Despite its popularity, its novelty and complexity often created confusion among potential adopters and consequently misguided them to the wrong direction. To avoid any further confusion and misapplication, it would be worth revisiting this important concept and tracing back what has been learned from this concept, while finding ways to better exploit this concept. In so doing, this paper traces the evolution of supply chain practices, synthesizes the key developments of supply chain concepts, and prognosticates what lies ahead for future supply chain fields.