Do you wish your business was performing better than it is? Do you feel that things could be better, but perhaps can’t quite put your finger on what it is that is not as good as it should be? When asking a business what’s limiting performance, there may be several factors mentioned, but quite often, there are typical scenarios impacting most manufacturer’s performance.
Six areas of losses that have been identified as common to most manufacturers are:
OEE (Overall Equipment Effectiveness) identifies the percentage of manufacturing time that is truly productive and is used as the key metric for measuring manufacturing performance. OEE is expressed as:
When these losses are multiplied (OEE = A x P x Q), the effects can be quite dramatic to the overall effectiveness of a manufacturing process and greatly affect the profitability of a business.
If you are to overcome any of the above loss types, it is important that a solution is applied that contains the following aspects:
Visibility– Any solution must begin with an accurate measurement of the problem. That means gathering data from machines and people.
Knowledge– Analysing and interpreting data to generate insights requires an understanding of how manufacturing works.
Control– Acting on those insights is the key to ‘closing the loop’ and solving the problems identified.
Do you know what your current OEE is? Would you be shocked if it were less than half of the actual capability? World-Class OEE is greater than 85%, which rises to 92% in continuous operations – production lines that don’t have product changeovers.
To be competitive in your market space, it is important to accurately know, manage and improve your OEE. To do so, it is critical to expose the six major loss types with systems that capture OEE and provide real-time analysis, and then use that data to deploy improvements that address the root causes of the loss.
TrakSYS is designed to help you measure, monitor and manage anywhere, anytime. It will give you the information and insights you need to operate more safely and profitably using a PC, tablet or smartphone.
TrakSYS has developed over the years to become more than just an OEE management tool. It can be considered a performance management tool. It is a unified manufacturing management software platform with multiple, fully integrated features to power specific business solutions including, performance, quality, maintenance, compliance, workflow, traceability, batching and more.
If you would like to know more about how TrakSYS can improve your manufacturing management and assist with raising your OEE, please do not hesitate to contact Mescon to have a detailed conversation and software demonstration.
