How to Calculate OEE: Formulas For Peak Performance
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:
15 Manufacturing Acronyms You Should Know
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.