What is OEE?
OEE is an abbreviation of Overall Equipment Effectiveness. It is a measure of the effectiveness of a machine or a line. Here, effectiveness means ‘efficiency + quality’. OEE is one of the key driving metrics of Total Productive Maintenance. Why is OEE important? Imagine that an organisation has invested ‘x’ amount of money in its infrastructure and facility – out of which a significant portion say ‘y’ would be consumed by the machinery and equipment. If the equipment is maintained...