Industry 4.0 Journey
Enhance overall equipment effectiveness to boost productive efficiency
OEE: The Gold Standard in Industry 4.0
Since the advent of Industry 4.0, a number of challenges have been stacking up at production lines. These challenges include high- or low-quantity production, an increased demand for customized products, zero-error production, and mixed-model production lines. Consequently, these challenges have set in motion a number of changes in factories, culminating with the introduction of new technologies and concepts.
As optimal production is pivotal in the age of Industry 4.0, overall equipment effectiveness (OEE) has emerged as the key performance index (KPI) in the manufacturing industry. OEE benchmarks the percentage of manufacturing time that is truly productive. An OEE score of 100% shows that you are manufacturing only good parts, as fast as possible, with no downtime. OEE’s KPI formula incorporates three elements: availability (no downtime), performance (the speed of production), and quality (percentage of products up to standard).