Huge value remains uncaptured in industrial operations. One of the most critical KPI of an industrial ops is Overall Equipment Effectiveness (OEE) which measures the actual output vs. theoretical capacity. As a benchmark, 40% is low but not uncommon, 60% is typical, while 85% is world-class.
OEE gives us the overall picture of machine performance, not focusing just efficiency or utilization.
High OEE leads to:
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- More good products per shift a machine or lines produces
- Lower costs per unit good produced
- Increased competitiveness
