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Overall equipment effectiveness (OEE) is a widely implemented metric that characterizes the performance of a plant, and is expressed as a percentage of the total planned or scheduled production time. OEE essentially measures your plant’s performance in terms of equipment reliability and availability. It is calculated as the product of 3 factors – performance, quality, and availability:
Like it or not we live in a society where we like to keep score. The score provides feedback; it gives those who are not involved information on the progress or success of those who are involved. The score can be delivered in an endless number of formats, the price of your company stock, net profits, unit cost of product, overall equipment effectiveness, or percent emergency/demand maintenance. In the world of Reliability Centered Maintenance RCM Guru Jack Nicholas gathered a team of experts several years ago to develop the RCM Scorecard. The result of this effort was a comprehensive tool that evaluated Key Performance Indicators at various periods before and during an RCM Project. [Read more…]