Today, the “Industry 4.0” concept is becoming a key concept worldwide. Experts define Industry 4.0 as the term “intelligent networking of machines and processes in the industry with the help of Information and Communication Technology”. The main goal of Industry 4.0 is to improve value chains throughout the product life cycle. Through research in the doctoral dissertation, the state of the art of the Kosovo’s industry was assessed and the contribution to Industry 4.0 was defined by the development of the launching and scheduling models and their implementation in an innovative smart company. The necessary data for the development of the launching and scheduling model was obtained by researching process through three questionnaires, interviews, case studies, and heuristic approaches and modelling techniques. The first and second questionnaires show the results of the current state of the industry in Kosovo and its level concerning Industry 4.0. After the analysis of the current situation, the following problems were highlighted: insufficient use of ICT, low level of productivity, mismatch of capacities with needs, small investments in research and development and staff education, insufficient use of resources, redistribution of business activities, production priorities, production planning, training and retraining of employees, etc. Due to the problems that have been highlighted in operational preparation, the objective was to develop a launching and scheduling model in production by taking into consideration several parameters important for the production system. There are different activities and operations in the production system having requirements for the same capacities, which can cause bottlenecks but also queues in front of the required resources. The goal is to determine the order (suboptimal) in which technological operations will be performed to achieve the goals in terms of meeting due dates but also minimizing production costs. The launching model determines the importance of the jobs that will be performed in the production process in certain order. Based on the research conducted in the third questionnaire, the parameters having a greater impact are proposed, which relate to business goals, customer needs and conditions from the surrounding environment that affect the enterprise and that can significantly increase the performance and profit of the enterprise. The proposed parameters are included in a mathematical-algorithmic launching model based on several categorical levels related to the production process, i.e. profit, delivery times, processing times, product types, materials, required quality, product complexity, resource use, etc. The developed launching and scheduling models provide a practical framework for transforming existing factories into smart factories capable to compete in the global market.