Tag: Efficiency

efficiency of the production system
Industry 4.0 Lean 4.0 Manufacturing Engineering Manufacturing technologies Technology

Efficiency of the production system: how to measure it?

One of the metrics, also called Key Process Indicators (KPI), which are often used to calculate production efficiency is the so-called OEE, an acronym for Overall Equipment Effectiveness. This metric has now become an industrial standard and therefore widely spread in the factories and implemented in the various MES. However, this metric is mostly used…