The transformation from traditional manufacturing to intelligent manufacturing intrigues the profound and lasting effect on the future manufacturing worldwide. Industry 4.0 was proposed for advancing manufacturing to realize short product life cycles and extreme mass customization in a cost‐efficient way. As the heart of Industry 4.0, smart factory integrates physical technologies and cyber technologies and makes the involved technologies more complex and precise in order to improve performance, quality, controllability, management, and transparency of manufacturing processes. So far, leading manufacturers have begun the journey toward implementing smart factory. However, most firms still lack insight into the challenges and resources for implementing smart factory. As such, this paper identifies the requirements and key challenges, investigates available new technologies, reviews existing studies that have been done for smart factory, and further provides guidance for manufacturers to implementing smart factory in the context of Industry 4.0.

A methodology toward manufacturing grid-based virtual enterprise operation platform, Enterprise Information Systems, 4:3, 283-309, Virtual enterprises (VEs) have become one of main types of organisations in the manufacturing sector through which the consortium companies organise their manufacturing activities. To be competitive, a VE relies on the complementary core competences among members through resource sharing and agile manufacturing capacity. Manufacturing grid (M-Grid) is a platform in which the production resources can be shared. In this article, an M-Grid-based VE operation platform (MGVEOP) is presented as it enables the sharing of production resources among geographically distributed enterprises. The performance management system of the MGVEOP is based on the balanced scorecard and has the capacity of self-learning. The study shows that a MGVEOP can make a semi-automated process possible for a VE, and the proposed MGVEOP is efficient and agile.

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