Digitalization is changing the landscape in manufacturing as companies adopt Smart Manufacturing and Digital transformation initiatives. A recent Tech-Clarity survey shows that over 50% of manufacturers believe digital transformation initiatives are important or critical to achieving their business strategy.
Analyzing improvement potential by OEE allows companies to determine potential savings in the context of the plant. This framework shows how companies can use IoT and analytics to avoid big losses in OEE, and tangibly improve the three components of OEE: Availability Performance, and Quality, comparing them to the investment required to calculate ROI.
Jim Brown is the President of Tech-Clarity, an independent consulting firm that specializes in analyzing the business value of software technology and services.
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