I’ve written a lot about OEE before: is it a magic number, is 100% OEE a bad thing, and why many manufacturers are wasting time trying to measure it. My expertise on the subject recently attracted the attention of a COO of a major automotive parts manufacturer who wanted to discuss this in greater depth. Ultimately,[…]
How much money am I losing by not running these machines? Am I producing to capacity? And, what is under production and downtime really costing my manufacturing business?
These are questions that even the best manufacturers should constantly be asking themselves. In the name of continuous improvement, these questions should permeate the walls of your shop floor like a metronome. Why? Because improving upon these answers can save you a lot of money!
What’s the difference between a dollar spent and a dollar saved? In this case, the opportunity to impact the bottom line through savings is much greater… let me explain.