Q: What is the relationship between efficiency, effectiveness and productivity?
Efficiency
Efficiency is determined by the amount of time, money, and energy – i.e. resources – that are necessary to obtain certain results.
Effectiveness
Effectiveness is determined by comparing what a process or installation can produce with what they actually produce.
Productivity
Productivity is determined by looking at the production obtained (effectiveness) versus the invested effort in order to achieve the result (efficiency).
Proper OEE Software visualizes ALL effectiveness LOSSES on your machine, since that is the area where you will find your improvement potential.
See also: Is it Overall Equipment Efficiency or Effectiveness?
Your OEE can be much more effective!
Most OEE implementations do NOT lead to fundamental improvement! And yet, most machines can produce twice the current capacity at lower cost! How? that is the subject in our courses! click here to learn more!
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