Overall equipment effectiveness OEE

Overall equipment effectiveness is a metric used to measure equipment availability, performance and quality. 

Before thinking of replacing equipment or buying additional equipment, it is preferable to first measure overall equipment effectiveness (OEE). More often than not, this process leads to the identification of efficient solutions to increase equipment productivity and capacity. Consequently, an OEE project can help an establishment avoid spending large amounts of money in purchasing new equipment.

The OEE of a world-class business is around 85%, which leaves lots of room for improvement. Must you really replace your current equipment?