Can the Internet of Things (IoT) improve your Overall Equipment Effectiveness (OEE)?
OEE is an abbreviation for the manufacturing metric – Overall Equipment Effectiveness.
OEE is the gold standard for measuring manufacturing productivity and identifying the percentage of manufacturing time that is truly productive. It shows how well a manufacturing operation is utilised (facilities, time and material) compared to its full potential. Although manufacturing companies have used different systems to manage their OEE, there has been great difficulty in being able to capture real-time data that depicts real situations…until now.
OEE with IoT
Utilising the Internet of Things (IoT) you can easily define manufacturing processes and production performance – this allows manufacturers the capability to identify and remedy areas that are negatively impacting OEE and remedy them very quickly.
After applying IoT to OEE within a manufacturing environment, you will see significant, quantifiable improvements, such as advanced warning of impeding equipment degradation or failure. Unplanned downtime will be avoided and MTTR will be greatly accelerated. You are also able to analyse historic process and performance data to optimise planning schedules and resources, leading to lower maintenance costs, reduced material and supplies as well as greater equipment availability.
Real Time View
In the past it has often been intuition – rather than facts – to understand the status of a production line. This leads to a reactive approach to managing and configuring the production environment, increasing the risks of downtime and lost productivity.
For plant managers, process engineers and maintenance personnel, improvements in OEE through IoT allows them to easily combine and correlate data from different sources, such as industrial control systems (SCADA), sensors, applications, infrastructure and IT systems, and deliver valuable insights into an assets health.
Having a real time view with a detailed understanding of equipment performance through analytics and machine learning helps identify and remedy problems and greatly improve consistency, quality and productivity – all resulting in measurable and direct bottom-line savings.
Using connected devises and sensors that continuously monitor equipment and transmit usage data to a central location, allows the right decision to be made at the right time to achieve OEE closer to the 100% level than it has ever done before.
Early warning of impeding equipment failure helps avoid unplanned downtime, also if the equipment needs calibration, a system upgrade or any kind of operational changes, this can often be done remotely and from a central location. This ensures better output and will help reduce things like recalls and after-sales warranty costs. There are indirect benefits too such as better product quality, possibility of increased market share, as well as increased speed to market.
If the timing is right to gain clarity about your plant’s OEE and understand how IoT will benefit your business – REQUEST A DEMO TODAY complete the form and one of the team will be in touch to book your slot.
Why not meet us at Cranfield University? Join us 19th of September for “IoT: How to connect your products and reap the benefits“.
Business Value of Connected Operations
Learn all there is to know about the connected operations:
- What is your business made of?
- What does a connected operation look like?
- The benefits of a connected approach
- How to do it
- Use cases
- Metrics and measurements