Abstract: The fourth industrial revolution has presented the manufacturing sector with both enormous prospects and difficulties. This comprehensive analysis looks at the advantages and disadvantages of applying Industry 4.0 to manufacturing, giving businesses a better understanding of the roadblocks and possible rewards. The implementation of autonomous mobile robots has been considered over traditional fork lifts with the use of state-of-the-art API communication protocols between master entry servers, manufacturing execution system and warehouse management system. This not only brings smart automation in material handling but also saves significant process time. Through a time study of around 15 workstations, a savings of around 1.14 hours/shift has been recorded. Time as well as a cost study were incorporated for a smooth business decision. Cost analysis was done for the duration of 5 years using the OPEX and CAPEX models. Out of the 3 models studied, the CAPEX model of autonomous mobile robot proved to be 30% more economical.

Key words: industry 4.0, automation, manufacturing, autonomous mobile robot