Consistent product quality is important because customers want to know what they can expect from the products they purchase. One way to ensure consistency is to inspect every product after it is made and either reject or accept it.
Yogi Berra once said, “If you don’t know where you are going, you might wind up someplace else.” This is stating the obvious but it is important to have a plan when implementing OEE. If you don’t spend time planning up front, you will pay for it down the road with extra time and effort or it could lead you down the wrong path with misleading OEE results.
Overall Equipment Effectiveness (OEE) is a manufacturing performance metric that is used to identify lost opportunities and measure improvement efforts. OEE combines downtime, speed, and quality losses into one metric to determine how much quality product is produced compared to how much should have been produced in a given time. Essentially, OEE measures the percentage of time that is actually productive. Calculating OEE is done by multiplying three factors together:
Today it seems that acronyms are being created and assimilated into everyday language faster than ever before. We run into them at the workplace, home, sporting events, and on the news. Some have become so commonplace that it is difficult to remember their meaning and origin. Think: DVD, LED, IQ, and GMO.