Abstract

With rapid advancements in industry, technology and applications, many concepts have emerged in the manufacturing environment. It is generally known that the term ‘Industry 4.0’ was published to highlight a new industrial revolution. Maintenance is a key operation function since it is related to all the manufacturing processes and focuses not only on avoiding the equipment breakdown but also on improving business performance. Monitoring of manufacturing systems for maintenance helps to identify equipment condition and failures before equipment breakdowns. Total Productive Maintenance (TPM) is widely used maintenance strategy to gain a competitive advantage in the industry. In this context, this paper focuses on the incompletely perceived link between the Industry 4.0’s key technologies and TPM. Conjoint analysis, which is a multi-attribute decision making method based on experimental design, is implemented to quantify the impacts of Industry 4.0’s key technologies on pillars of TPM. Moreover, interaction between key technologies of Industry 4.0 and pillars of TPM demonstrates several opportunities for achieving synergies thus leading to a successful implementation of future interconnected smart factories. The major contribution of is to provide a guideline and technology roadmap for investment decision for industries that are under the transformation phase towards future smart factory and offers a space for further scientific discussion.

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