Cyber-Physical Machine Tools (CPMT) is currently recognized as a new generation of machine tools that align with Industry 4.0 needs as a smart, well connected, advanced accessibility, more adaptive and autonomous solution. It can be achieved through standardized design method and communication protocols. This article presents a case study on monitoring and inspection based on Internet of Things (IoT) for STEP-NC data model toward a CPMT. More specifically, the monitoring approach utilizing an IoT based monitoring architecture for machining process monitoring, while the inspection approach using a coordinate measuring machine for machined part inspection. The monitoring and inspection approaches can achieve high accuracy of machining process condition detection and enable measurement of machined parts to fulfil CPMT needs and I4.0. The case study validated that the developed monitoring approach performed well and was highly sensitive to any changes during the machining process, specifically on the tool condition. As per the inspection approach, the reliability of the machined model was 99.97%. Based on the results of both the approaches, it is confirmed that both tasks can be designed and support digital factory and other manufacturing process stages in the future such as preventive maintenance, inspecting, sizing, assembling, and others.