Waste reduction possibilities for manufacturing systems in the industry 4.0

The industry 4.0 creates some new possibilities for the manufacturing companies' waste reduction for example by appearance of the cyber physical systems and the big data concept and spreading the "Internet of things (IoT)". This paper presents in details the fourth industrial revolutions' more important achievements and tools. In addition there will be also numerous new research directions in connection with the waste reduction possibilities of the manufacturing systems outlined.