Abstract: The environments, with which the corporation has to be faced,have changed greatly while the era of new economy has been coming.They will be encountered with the uncertainty of the customers,the shortening of product life-span and the more complexity of the product structure.So the mode of Supply Chain Management(SCM),which embodies the Horizontal Integration theory,comes forth to utilize the outer resources for satisfying the real-time needs of the customers.The Capital Process Reengineering based on the SCM utilizes the modern technology of information to construct the financial net and reengineer the capital process in order to harmonize the funds usage,so that the Capital Process Reengineering can make the corporation remain invincible.

Key words: New Economy, Supply Chain Management, Capital Process Reengineering