Your business operations are only as good as the equipment you use. There’s a reason why plant, property, and equipment are considered as a separate accounting head and depreciation is recorded each year: they contribute directly to manufacturing or other integral business operations. Certain equipment items play a very important role in the overall performance of business operations. For instance, in a company that relies on manufacturing, the whole assembly line will be stopped if one of the machines stops working.
Regular maintenance and servicing is required to keep the machines working smoothly. However, knowing which machines need to be serviced at what times is not as simple as it looks. You can’t just keep a ledger marking the dates when the machines were last serviced and when the next service is required. Many companies that focus on manufacturing have now implemented an OEE system to track maintenance and servicing activity. If your company operates in the manufacturing sector, you should seriously consider investing in a high-quality effectiveness management system.
What Is an OEE System?
The Overall Equipment Effectiveness System was designed to make it easy for businesses and companies to track the performance of different machines and to figure out when maintenance and servicing is required. The system helps manufacturing improvement teams determine when repairs or capital expenditures are needed. This helps to increase bottom-line savings and also improves efficiency in maintenance processes.
How Does It Work?
Once the system has been implemented, it will be able to process real-time data. The OEE system includes powerful data handling modules that can work automatically or manually. It also includes an array of real-time reporting tools that provide alerts. You can manage everything from a single dashboard, making it easy for you to know what’s going on with the machines in your facility.
Suggestions and Improvement
After implementation, the system can be used by the workers to create suggestion schemes and separate improvement agendas. You can read about suggestions for improving manufacturing directly from workers in the company. The improvement agenda is designed for the management team so that they know the machines that need to be serviced next.
As well as this, the system also provides alerts in case anything goes wrong or when an emergency service is required. This completely removes the need for managing complex spreadsheets or maintaining thick ledgers. Through a single dashboard, you can see graphical visualisations for machinery maintenance schedules and also check out real-time analysis to determine the efficiency of your machines.
All in all, implementing an overall equipment effectiveness system in your company can help you save a great deal of money. It’s a long-term investment that not only maximises efficiency in the workplace, but also allows you to focus on making investments in machines that require little to no maintenance and work smoothly. This minor change can lead to a windfall of profits and allow your business to reach new heights.