For those navigating the complex world of manufacturing, “Overall Equipment Effectiveness” (OEE) is a familiar metric, the gold standard for measuring manufacturing productivity.
Yet, truly capitalising on the insights provided by OEE and driving meaningful improvements requires more than just an understanding, it demands the right technology.
This is the precise expertise POET Systems brings to the table.
We don’t just recognise the pivotal role of OEE; we provide a sophisticated platform designed to unlock its full potential.
Discover how POET Systems can empower you to not only measure but significantly enhance it, ensuring your manufacturing operations reach peak efficiency and profitability.
What is OEE?
OEE stands for Overall Equipment Effectiveness. It’s a key measure that tells businesses how well they are utilising their equipment and materials to make their products.
By monitoring things like machine availability, quality of product, how well materials are used, and the speed of production, OEE gives a clear picture of how efficient the production process is.
OEE is shown as a percentage, going from 0% to 100%. A score of 100% would mean the manufacturing process is perfect – no downtime, no waste, and everything running at full speed. In reality, getting a perfect score of 100% is almost impossible.
The target in industry for many companies is to aim for a score between 80% and 85%, seeing this as a sign of really good efficiency.
Why Does OEE Matter?
OEE, which stands for Overall Equipment Effectiveness, is crucial for a few reasons. It’s a measure that shows how well manufacturing processes and machines are performing.
OEE helps us see exactly how effective our equipment is in making products or providing services. It looks at things like if machines are ready to be used when needed (availability), if they are working as fast and as well as they should be (performance), and if what’s being produced meets quality standards (quality).
This information can point out where we might need to make things better to work more smoothly and have less downtime.
Increasing OEE scores can help save money in making products. If equipment is used better, with less time wasted and fewer mistakes or items needing to be redone, it can cut production costs and improve profits.
OEE isn’t just about numbers; it’s also about getting better over time. By keeping an eye on OEE scores, companies can spot trends, set goals, and come up with plans to better use their equipment and improve how they work overall.
OEE data helps with making smart choices in a company. It gives clear info on how machines are doing, so managers and workers can base their decisions on solid facts and know where to focus on making things better.
OEE even brings teams together. With everyone using the same standard measure, different parts of an organisation can work towards the same targets. It helps everyone communicate and collaborate more, all aiming to use the data to make improvements together.
Key Features in OEE Software
When evaluating OEE software options, it is important to consider the following key features:
- Real-Time Data Collection: Ensure that the software can capture and analyse real-time data, allowing you to make informed decisions promptly. This is critical to allowing production teams to make proactive changes during a working day.
- Automated Reporting: Look for software that provides automated reporting tools to generate comprehensive and visually appealing reports on equipment performance, downtime, and OEE metrics. These reports can be available ‘LIVE’ on the production floor, on screens in the offices, and on your mobile as you travel.
- Integration Capabilities: Choose software that can integrate seamlessly with your existing systems, such as ERP (Enterprise Resource Planning) or MRP (Manufacturing Resource Planning), to streamline data flow and avoid duplicate entries.
By considering these key features during the evaluation process, manufacturers can select an OEE software solution, such as POET, that effectively captures real-time data, provides automated reporting, and seamlessly integrates with existing systems.
Why Choose POET?
POET is an expert software solution designed to help manufacturing companies monitor and improve their OEE.
“POET as a system has shown us where the value opportunities are in our business and has been instrumental in putting our improvement plans together, to harvest the opportunities that are displayed and reported.”
– Mark Cooper
It offers a range of features and benefits that make it the ideal choice for businesses looking to enhance productivity and profitability:
- Effortless Operation: POET does away with the traditional hassles of manual data gathering and evaluation, thereby streamlining your operational procedures and saving your team considerable time. Its intuitive design ensures that employees can easily log and manage production data.
- Real-time Monitoring: With POET, you get real-time visibility into your production floor, allowing you to identify and address any issues that may arise promptly. This helps minimise downtime, improve overall efficiency, and maximise productivity.
- Affordability: While many competitor products have hefty licensing costs, POET offers a cost-effective solution that doesn’t break the bank. The increased profitability and efficiency gained through using POET more than justify its small licensing cost.
How POET Helps Your Business
In the domain of manufacturing, boosting production efficiency isn’t just beneficial, it’s crucial for companies aiming to secure their market position and flourish.
Operational disruptions and equipment failures can severely impact both your production line and financial health.
POET Systems is acutely aware of these challenges. That’s why we’ve engineered a solution designed to elevate manufacturing efficiency and productivity through a three-pronged approach: Production, Engineering, and Finance.
Production: Production is where the value is created in any manufacturing business, and POET Systems focuses on the value-adding steps. No matter the time of day or night, your operation is continually being monitored, allowing you to identify inefficiencies and lost opportunities, and ultimately improving productivity.
Engineering: Ensuring that your production lines are available and avoiding breakdowns, engineering departments play a key role in manufacturing success. POET presents data to your engineering department in a way that allows them to prioritise issues that will impact your business the most.
Finance: High productivity is a critical factor in unlocking financial objectives. At POET Systems, our finance reporting dashboard presents the losses across your business in a financial value making everyone aware of potential losses and areas for improvement. With financial reporting insights, it is easier than ever before to measure and improve operational efficiencies, enhancing the bottom line.
Improve Your OEE With POET Systems
Monitoring OEE is crucial for manufacturing companies looking to improve their profitability and stay competitive.
By utilising an OEE monitoring system like POET, you can optimise your production processes, reduce downtime, minimise waste, and ultimately enhance your bottom line.
Don’t let outdated methods and spreadsheets hold you back – embrace the power of OEE monitoring and unlock the full potential of your manufacturing operations.
