Trends and Challenges of Manufacturing Management in Industry 4.0

Abstract

Today's globalization is creating and is bringing new opportunities for sustainable development. New emergent markets are rising, thus more environment friendly new innovative solutions for meet current demand are released. The global economy is facing today with many challenges and for manufacturing systems in order to be competitive on the global market it is mandatory to innovate permanently. Industry 4.0 (I4.0) with its main component smart factory i.e. factory of the future may be seen like an innovation in manufacturing field. Factory of the future (FoF) will be driven by intelligent manufacturing systems, characterized by smart machines, smart equipment, smart operators and smart products with the purpose to achieve mass customization, industrial growth and added value. The newest information and communication technologies play a key role in development of the smart factory and together with the physical devices lead to creation of so called Cyber-Physical System (CPS) which is the core of FoF. This paper contains a systematic study of the researches undertaken in the field of I4.0 and reveal the trends and the challenges of manufacturing management both those presented by literature and those resulting from direct researches of the authors, in four categories.