On basis of the construction requirements of the railway works and the changes of the railway works construction markets, the author analyzes the requirements of the railway works construction market to the contractor’s material supply and management and the stateoftheart of the material supply and management. The author concludes that the material supply and management works should be continuously optimized by means of project management concepts and methods and concludes that a new material supply and management system, which, taking the project as the core, is compatible with the project management and is dynamic and processcontrolled, should be established and perfected.