Abstract: This paper focuses on the relevant factors that influence the process innovation of manufacturing and the current situation, weakness and prospect of the dynamic model that is established based on relevant factors. The relevant factors of process innovation include five aspects: technology, supply, demand, industrial organization and macroeconomics. There are three dynamic models of the process innovation based related factors. The weaknesses during the dynamic model research of the process innovation are demonstrated. Based on the analysis of the current research situation dynamical modes of process innovation, the author delivers a review and prospect on the development and fields of researches of dynamical modes of process innovation, pointing out that dynamic, systematic, and foresight should be the three most important characters for dynamical modes of process innovation in the future.