Prakash -
Primarily taking your GMAT score into consideration, many of the strong supply chain MBA programs are actually pretty well within reach for you. To help maximize your competitiveness on the academic dimension, you should really focus your attention on programs where your GMAT score as at least at or fairly well above the average GMAT score. US News ranks the top MBA programs for supply chain, and here are their top 7 (a few are tied)
1. MIT, avg GMAT 710
2. Michigan State, avg GMAT 641
3. Penn State University, avg GMAT 643
4. Ohio State University, avg GMAT 668
4. Stanford, avg GMAT 729
6. Arizona State, avg GMAT 676
6. Carnegie Mellon, avg GMAT 693
There is no way I would encourage you to apply to MIT or Stanford - don't take it personally, but it's just not going to happen with your current GMAT score so I think you should save your application fees for other things. But I think you could be competitive at just about all of the others. Carnegie Mellon would definitely be a stretch school for you. Take a closer look at those programs and see which ones are the best fit to your background, personality, and career goals. I think any one of them could serve you fairly well.
I hope that's useful advice, and best wishes on your applications!
Regards,
Jon