Solve the Issues of Measuring Asset Effectiveness with Manufacturing SoftwareMarch 16, 2016
To improve something you must measure it. How many times have you heard that?
But, it’s true… in order to improve your process you must measure it so you know what’s working and what isn’t. If you don’t, you might have outdated data (or other hidden problems) which can add to a growing performance problem.
Your factory floor is a great example of where you should be measuring data and analytics constantly – you must measure to improve.
Currently, many shops overstate their assets’ efficiency because they simply don’t have any way to measure it. Lacking that, they not only sacrificing their performance but they also risk the opportunity to drive better return on assets (ROA) and the ability to increase margins.
As we head into the next evolution in manufacturing, it will be critical to ensure you’re gathering machine data and utilizing it properly. Most enterprise software or shop floor execution systems do not have the ability to reach into the machines to pull out and utilize this data. An extra step must be taken.
When we talk about factory machines, or assets, we can measure them with Overall Equipment Effectiveness or OEE, which will calculate the assets effective utilization. Then we can look at the availability, performance, and quality and set into motion actionable improvements in those areas.
Quick and accurate measurement of machines will help plants make decisions in real time, leading to real improvements and cost savings.
Learn more about how manufacturing software can be used to solve the issues of measuring asset effectiveness.