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ABSTRACT. This article reviews recent literature concerning Industry 4.0-based manufacturing systems. Building our argument by drawing on data collected from BCG, Deloitte, PwC, and Statista, we performed analyses and made estimates regarding Industry 4.0 across the value chain (%), revenues from artificial intelligence for enterprise applications market worldwide (from 2018 to 2025, in million U.S. dollars), and Industry 4.0 framework and contributing digital technologies (%). Multivariate statistics techniques have been applied for data analyses (e.g. structural equation modeling).
JEL codes: E24; J21; J54; J64

Keywords: Industry 4.0; smart production; sustainable supply chain network

How to cite: Tuffnell, Caryl, Pavol Kral, Pavol Durana, and Tomas Krulicky (2019). “Industry 4.0-based Manufacturing Systems: Smart Production, Sustainable Supply Chain Networks, and Real-Time Process Monitoring,” Journal of Self-Governance and Management Economics 7(2): 7–12. doi:10.22381/JSME7220191

Received 2 December 2018 • Received in revised form 14 May 2019
Accepted 17 May 2019 • Available online 1 June 2019

Caryl Tuffnell
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The Cognitive Labor Institute,
New York City, NY, USA
Pavol Kral
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Faculty of Operation and Economics
of Transport and Communications,
Department of Economics,
University of Zilina, Zilina, Slovak Republic
Pavol Durana
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Faculty of Operation and Economics
of Transport and Communications,
Department of Economics,
University of Zilina, Zilina, Slovak Republic
Tomas Krulicky
This email address is being protected from spambots. You need JavaScript enabled to view it.
Faculty of Operation and Economics
of Transport and Communications,
Department of Economics,
University of Zilina, Zilina, Slovak Republic

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