This book is published under a CC BY-NC 4.0 license. The editors present essential methods and tools to support a holistic approach to the challenge of system upgrades and innovation in the context of high-value products and services. The approach presented here is based on three main pillars:...

Chapter 1. Introduction -- Chapter 2. Strategic Innovation Driven by Digital Transformation -- Chapter 3. Industry 4.0 and its Digital Paradigms -- Chapter 4. Industry 4.0 and the Emergent Business Models -- Chapter 5. The Integration of Digital Business Models: the Amazon Case Study -- Chapter...

Digital Twins in the Industry: Maturity, Functions, Effects -- Architecting Digital Twin-Driven Transformation in the Refrigeration and Air Conditioning Sector -- Practical Application of the Concept of Digital Twins in the Aviation Sector -- Digital Revolution in the Energy Sector: Effects of...

Purpose: In order to keep up with the automation Smart Factories will bring into the market, procurement logistics has to be redesigned to ensure self-organizing production. The purpose of this paper is to examine the future changes of the procurement processes as well as the further role of...

Purpose: New technical solutions in logistics change the ways of working within warehouses on different levels, from warehouse layouts and concepts of goods picking to process planning and human resources. Thus, disrupting the previous practice in its core. Methodology: In order to evaluate the...

Purpose: Digitalization and its technologies enables especially logistics startups to enter the market with low barriers. Well-established enterprises potentially suffer from this development by overlooking the ongoing technological leap. Therefore, the paper includes a research to point out...