With the application of smart technology concepts, the fourth stage of industrialization, referred to as Industry 4.0, is believed to be approaching. This paper analyzes the extent to which smart factory concepts and e-learning have already deeply affected manufacturing industries in terms of performances in transitional economy. Empirical results indicate that manufacturing companies that have introduce both e-learning and selected smart factory technology concepts differ significantly. E-learning is mainly applied on graduates in production. Results reveal that two smart factory concepts are significantly and positively related to the firm performance when e-learning is applied.