Companies measure OEE in slightly different ways, but here are five metrics to check when assessing efficiency. The availability and performance of the machines should be checked, reaching for as close to 100% as possible! Also, check the quality. "To measure the quality output for a piece of equipment, divide the number of good pieces produced during an operating cycle by the total unit output. For a defect-free production cycle, a machine will earn a quality score of 100 per cent." Big losses like breakdowns or planned downtime should be included, and then calculate the OEE.
Australia’s manufacturing industry is expanding steadily. Keeping tabs on the productivity and efficiency of equipment can help businesses maintain a competitive edge. Australia’s manufacturing industry is worth $100 billion annually and accounts for 900,000 jobs. In spite of the demise of local automotive production last year, the sector continues to expand, with the Ai Group’s Australian Performance of Manufacturing Index (PMI) reaching a record high in March this year. The 2017-18 financial year ended on a high note with 22 months of continuous growth for the sector, although the PMI eased from the March record of 63.1 to an even 52 in July – with indices over 50 indicating expansion.Read More