Kamble, Sachin S.Gunasekaran, AngappaGhadge, AbhijeetRaut, Rakesh2020-09-092020-09-092020-07-10Kamble S, Gunasekaran A, Ghadge A, Raut R. (2020) A performance measurement system for industry 4.0 enabled smart manufacturing system in SMMEs- A review and empirical investigation. International Journal of Production Economics, Volume 229, November 2020, Article number 1078530925-5273https://doi.org/10.1016/j.ijpe.2020.107853http://dspace.lib.cranfield.ac.uk/handle/1826/15777The smart manufacturing systems (SMS) offer several advantages compared to the traditional manufacturing systems and are increasingly being adopted by manufacturing organizations as a strategy to improve their performance. Developing an SMS is expensive and complicated, integrating together various technologies such as automation, data exchanges, cyber-physical systems (CPS), artificial intelligence, internet of things (IoT), and semi-autonomous industrial systems. The Small, Medium and Micro Enterprises (SMMEs) have limited resources and therefore, would like to see the benefits from investments before allowing adopting SMS. This study uses a combination of exploratory and empirical research design to identify and validate the performance measures relevant to the evaluation of SMS investments in auto-component manufacturing SMMEs based in India. The study found that an Industry 4.0 enabled SMS offer more competitive benefits compared to a traditional manufacturing system. The planned investments in SMS can be evaluated on ten performance dimensions namely, cost, quality, flexibility, time, integration, optimized productivity, real-time diagnosis & prognosis, computing, social and ecological sustainability. Proposed novel Smart Manufacturing Performance Measurement System (SMPMS) framework is expected to guide the practitioners in SMMEs to evaluate their SMS investmentsenAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/Digital transformationAutomotive industrySMMEsPerformance measurementIndustry 4.0Smart manufacturing systemArticle