078. Idea - Understanding Overall Equipment Effectiveness (OEE)

With so many metrics out there in industry OEE stands out as important for all manufacturers to understand.  Mike Caccia walks through the different components of OEE and how that can be impacted in the industrial environment. He discusses production, event and fault data and how that affects the important KPI's that management focuses on.  An analogy of a three legged stool is discussed and shows the importance of each factor of OEE and how they affect each other.  In order to have maximum availability, performance and quality each must have an intense focus in order for all three areas to improve to desired operation metrics. It is quite the juggling act for manufacturers to manage and when done correctly can make significant impact to meeting market demand and overall business bottom lines.  Mike also discusses who is typically involved in the OEE management and steps they can take to better understand this critical metric.  Thank you Mike for unpacking the crucial topic of OEE for the EECO Asks Why listeners.Guest: Mike Caccia - Product Manager at EECO Host: Chris GraingerExecutive Producer: Adam SheetsResources:EECO Inspire Blog - OEE and Cascading Objectives