In the past ten years, the ideas of supersymmetry have been profitably applied to many nonrelativistic quantum mechanical problems. In particular, there is now a much deeper understanding of why certain potentials are analytically solvable. In this lecture I review the theoretical formulation of supersymmetric quantum mechanics and discuss many of its applications. I show that the well-known exactly solvable potentials can be understood in terms of a few basic ideas which include supersymmetric partner potentials and shape invariance. The connection between inverse scattering, isospectral potentials and supersymmetric quantum mechanics is discussed and multi-soliton solutions of the KdV equation are constructed. Further, it is pointed out that the connection between the solutions of the Dirac equation and the Schrödinger equation is exactly same as between the solutions of the MKdV and the KdV equations.