Waterfall Reports DiagramHaving the power to observe exactly how your production operations are performing is invaluable, especially when strict competition requires manufacturers to have their equipment working at maximum potential.

As consumer prices continue on what seems like a never-ending climb and with the dark clouds of double dip recession looming overhead, manufacturers are under increasing pressure to preserve their competitive stance, and prevent supermarkets from searching for alternative, cheaper suppliers.

So, how can manufacturers fight back?

Like any type of successful management methodology, rumours and myths abound regarding certain aspects of how OEE software works. Often these myths are pure fabrications, but if left unchallenged, they become generally accepted. In Part 4 of the series Top OEE Myths we take a further look into some of the more popular misconceptions.

Exploding OEE myths is a way of just getting back to bare facts. Inevitably, various misconceptions and misinterpretations accumulate over a period of time. Sometimes it’s simply a misunderstanding, or sometimes it can be a little more cynical, when these myths are created by way of a smoke screen by production professionals who are reluctant to fully embrace the new OEE software.

As the economic climate continues to remain firmly in the doldrums, manufacturers are being forced to re-evaluate their cost bases. The object of the exercise is to minimise operating costs in order to try to drive margins higher, or at least to stop them diminishing.

Manufacturers are measuring OEE (Overall Equipment Effectiveness) in ever greater numbers to lower their base manufacturing costs, improve their ROI (Return on Investment), and beef up their bottom line. If you've not yet investigated the potential of OEE and what it can offer, then it’s probably time you learned what all the fuss is about.

In Top OEE Myths Part 2, we continue our journey to review and dispel certain misconceptions that have grown around the OEE and OEE Software.