Calculate the Overall Equipment Effectiveness (OEE), a key performance indicator for manufacturing that measures productivity.
OEE is a powerful metric because it breaks down productivity into three measurable factors:
(Planned Time - Downtime) / Planned Time
.(Ideal Cycle Time × Total Count) / Run Time
.Good Count / Total Count
.The final OEE score is the product of these three factors: OEE = Availability × Performance × Quality. A world-class OEE is typically considered to be 85% or higher.