The well-being of employees is also crucial. Modern operational efficiency strategies should emphasize mental health, work-life balance, job satisfaction and a supportive work environment. Happy, engaged employees are more productive, contributing to the overall efficiency of operations. By gathering thes...
What Is Operational Excellence? Operational excellence is a term that is often used when discussing strategies to maintain or enhance business performance. Operational excellence occurs when an organization implements and executes its day-to-day business operations better than its competitors in their mark...
To achieve high levels of performance, effectiveness, and competitiveness, operational excellence must be built upon a set of core principles. These principles foster a culture of continuous improvement, innovation, and customer-centricity. Although there are various frameworks and methodologies, the follo...
Phil is the general manager of a mid-sized manufacturing plant. He wants to measure the effectiveness of his operational processes, but is having trouble coming up with metrics that are not focused on measuring how efficiently the organization uses resources (time,raw materials). What are some m...
This guide will show you everything you need to know about operational excellence. First, we’ll help you understand what operational excellence really is. Then, we’ll show you examples of how other companies have achieved it and how you can implement and achieve it for yourself. ...
Overall, equipment manufacturing is closely related to two more system performance metrics: Overall operational effectiveness (OOE) andtotal effective equipment performance(TEEP). Although all three look at availability, performance, and quality to assess systems, they differ in how they define and cal...
What is OEE? Overall equipment effectiveness is a maintenance KPI (opens in new tab) that measures an asset’s level of productivity. OEE is a combination of three factors that tell you how efficient an asset is during the manufacturing process: asset availability (opens in new tab), asset ...
Any asset-intensive organization can use enterprise asset management to improve its operational effectiveness by automating and optimizing tasks related to maintenance, scheduling, repairs, compliance, and more. These benefits aren’t localized to any specific industry, yet there are some industries where...
The effectiveness of operational reporting software relies on proper utilization. To establish a strong reporting strategy, it is essential to analyze it correctly, starting withyour core business goals and objectives. Comprehend your objectives and goals ...
An advanced form of predictive maintenance that not only predicts when maintenance is needed but also suggests specific actions to prevent future issues. Example:Recommending adjustments to machine settings or operational practices based on data analysis. ...