Many companies routinely hit capacity constraints and immediately consider adding overtime for existing workers, hiring workers for a new shift, or buying a new line. Relatively few companies have made the more modest investment that is required to optimize the performance of their existing lines.
As the global marketplace changes, it has become increasingly clear that stakeholders put a large value on an organization’s ability to maximize productivity and utilization to its fullest potential.
With consumers demanding lower and lower prices, a reduction in operating costs and cost of goods sold has never been more needed to stay competitive. One way to measure a plant’s performance and productivity is with Overall Equipment Effectiveness or OEE (but you already knew that). Now let’s talk about OEE and how to fully utilize this KPI to your benefit.
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