The increasing dynamics in business environment are providing a compelling argument for supply and value chain management to change its traditional management methods. Technology, especially Information and Communication Technology (ICT) usage, is a major driving force in this change. Because of this powerful new development, it is essential to understand how ICT, especially the Internet effects supply and value chain management and how the Internet supports decision - making within this context. By using constructive approach, it was possible to create a new theoretical supply and value chain management model and estimate the case companies’ abilities to manage these chains. This book provides deep contextual insights into why supply and value chains are foundations for competitive strategy and what kind of capabilities the company needs in both supply and value chain management. Executives and students will receive benefits from the created framework of the book, which opens up a possibility deeper insight for supply and value chain management. Furthermore the book offers research methods especially for students and researchers.