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Overall Equipment Effectiveness
Overall equipment effectiveness provides a means to measure the effectiveness of manufacturing operations ~ single pieces of equipments to entire manufacturing plants. It uncovers hidden capability of the factory and provides a complete picture of where time & money is being lost.
OEE measures for three different kinds of waste in the manufacturing process, viz., Availability (measures the time the plant was actually available for production), Performance (actual rate at which units were produced compared to planned output) and Quality (amount of production that conforms to quality standards).
OEE is generally associated with OPC controls. Optiflow-Le provides OEE without OPC controls.
As with OLE, an improvement  of  10% has a huge impact on profitability.  It is a measurement tool which every manufacturer should have. 
 With the 'Wal-Mart Factor' driving margins ever lower, effective use of OEE has become a critical success factor.
 
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