Technical Paper
Monitor and Optimize Machine Efficiency with OEE Dashboards
2010-04-12
2010-01-0398
OEE or Overall Equipment Effectiveness is the metric that ties machine availability, performance and part quality together. OEE is calculated using the formula, OEE = Machine Availability x Machine Performance x Quality of parts produced by the machine. The ideal value for plant OEE is 100% which means all machines have zero downtime, full availability and are not making any non conforming parts. Studies show that average OEE in the manufacturing industry is about 60% whereas world class OEE is 85%. Most manufacturers have room for improving their OEE. In order to improve OEE, this metric needs to be monitored for all machines or equipment in the plant. And there is nothing simpler than a dashboard to monitor OEE for plant equipment.
