October 14, 2013
Why Every Manufacturing Executive Needs to Pay Attention to Overall Equipment Effectiveness
As a manufacturing executive, your business frequently takes you to various locations around the world. But while you are on site visits or at meetings, how do you keep an eye on manufacturing processes back at home? At the end of the day, the quality and quantity of your production are some of the most important factors in determining your company’s success, and you should have a beat on critical indicators at all times. This information is called manufacturing intelligence.
In order to keep an eye on these crucial metrics, manufacturing executives rely on a formula called Overall Equipment Effectiveness (OEE). This calculation takes into account a machine’s availability, performance and quality. As a result, manufacturing executives are given a statistical method of figuring out the ROI on a specific piece of equipment. It is also helpful when it comes to adjusting manufacturing processes in a productive fashion.
For some companies, Overall Equipment Effectiveness has been hard to gauge due to the difficulty of aggregating information from disparate manufacturing machines and systems. Now, with software such as InfinityQS ProFicient, data can be sent directly from a production belt to an executive’s phone or tablet. It will provide statistical manufacturing metrics that are easy to read and leverage while you are on-the go.
It is important to note that this information can also be sent to multiple authorized accounts. That way, whole teams can be kept in the loop about production progress in real-time without having to rely on slower processes such as emails or phone calls. When your manufacturing team has access to a single quality control hub, it can act and make decisions as a unit.
As manufacturing intelligence gets smarter and faster, manufacturing executives must be able to utilize data analysis for competitive decision-making. Mobile technology is a crucial way of staying ahead of the game during production.