Assessing Bulgarian SMES’ Maturity for Industry 4.0 Implementing – The Case of “Montana Hydraulics” Ltd

Abstract

The publication presents the application of developed in Peneva (2021) “Model for Assessing Bulgarian SMEs’ Readiness for Industry 4.0” in a Bulgarian SME: “Montana Hydraulics” Ltd. In the model, the approach of the series of international standard ISO/IEC 33000 “Information Technology – Process Assessment” is used and adapted. For this purpose, the current state of the SME was analyzed and its maturity was assessed according to 5 Industry 4.0 priority areas selected together with the company’s management. Based on the research, measures are proposed to reach the target maturity and recommendations for investment priorities about these 5 target areas are made.