What is Process Innovation

Industry 4.0, also known as the fourth industrial revolution, has had a profound impact on business, society, and the supply chain. In Industry 4.0, the supply chain will be digitalized, opening up new opportunities for competitive advantage through innovative supply chain designs, processes, and enabling technology. In any industry or supply chain function, changes can occur to enhance the creation of new value for stakeholders in the supply chain by changing processes, current practices within networks, technology, and processes (or a combination of all of these). This chapter finds how supply chain innovation is transformed in the era of Industry 4.0 using the digital transformation based on digital innovation along with developing a framework based on supply chain innovation (consisting of product, process, organizational, technological, and marketing innovation) and Industry 4.0 (digital transformation).