Companies strive toward growth and continuous improvement but often struggle to identify the right path to follow. Many organisations fall into the trap of thinking that to increase capacity, they must invest in newer machinery, expand into larger facilities and hire more workers. No so.
In this briefing, we look at the topic of asset utilisation and demonstrate how, with the right approach to asset performance management, companies can make significant improvements to process and their bottom line and potentially avoid adding additional resources or making unnecessary capital investments in additional equipment and facilities.
- Current approaches to asset performance management
- The definition and role of OEE (overall equipment effectiveness)
- The value of measuring OEE (how to quantify it)
- Key strategies for identifying improvement areas and keeping them fixed