Beyond OEE Overall Equipment Effectiveness

The ultimate goal of the Factory of the Future is to reduce the cost of transforming raw materials into a saleable product. A lower cost of manufacturing creates the new potential to re-invest and maximize operational efficiencies.

In these factories, OEE will still be a key metric on the shop floor as its usefulness and insight have long been proven to be extremely effective.
Major costs in manufacturing are: assets that depreciate over time, labor to run the facility, maintenance and upkeep, utilities, overhead, and cost of goods. When you move to the future, working with traditional OEE metrics will continue to help optimize these costs while working in tandem with other, even more, intelligent and digital processes.

After completion of this program, participants will be better able to:

• Understand the concept and crux of productivity Efficiency
• Understand the concept of OEE, the elements, and how to measure it
• Understand the concept of the Six Big Loss Model
• Conduct a comprehensive strategic action plan based on the OEE concept and the Six Big Loss Model
• Develop the required strategy implementation support systems & resources of the Contingency Plan
• Set up an appropriate simulation plan for improvement and sustaining business