Managing Innovative Production Network of Smart Factories

The introduction of the Internet of Things and Services into the manufacturing environment is ushering in a fourth industrial revolution: Industry 4.0. This new type of industry is based on model of Smart Enterprise, i.e. Smart Factory. The main features of Smart Factory are production of smart personalized product, products and services are integrated, and high level of collaboration is achieved through Production Networks. Furthermore, Innovative Production Networks are seen as one of key elements of Industry 4.0. This paper presents management of Innovative Production Networks using MCDM method to achieve automated optimal partner selection for new value chain.