Incorporating Digitisation in Asset Management

Incorporating Digitisation in Asset Management
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Incorporating Digitisation in Asset Management Live OEE MEASUREMENT What is OEE OEE is simply stated as the calculation of the product of Availability, Performance and Quality. In real world applications there is not always a simple way to

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Incorporating Digitisation in Asset Management Live OEE MEASUREMENT<br>
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What is OEE OEE is simply stated as the calculation of the product of Availability, Performance and Quality.
In real world applications there is not always a simple way to get to these calculations as there are often perceived differences usually caused by different silos of views of the same issues.
Historical data may be recorded on paper based systems that are sometimes captured into excel sheets for analysis days, weeks or even months later.
A critical part of OEE is to standardize and agree the way that these values are measured and calculated across the organization.<br>
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Live OEE Measurement A MES system is an IT application which has the capability to extract process data from the production process with higher accuracy and granularity in real time than manual post process capturing does. A MES system can record the down times, capture quality loss data and monitoring the overall speed of production in real time.
Having this data collection as automated as possible helps to get a LIVE accurate calculation of OEE .It also helps management take faster and well-informed decisions pertaining to process capability, process performance, shift scheduling, employee/operator performance and process improvements.
As more of the data collection processes get automated more time and effort is saved in collecting and reporting data, this leads to better performance as the reaction time to issues is improved .
It also becomes easier to utilize the data and analytics to drill down to the exact cause of a performance related problem, as the data collected is allot more granular in nature than manual collection methods .<br>