money and machines
Where it delivers benefit
Money & Machines delivers huge benefit in many business situations, including:
- Avoiding unnecessary capital expenditure
- Finding hidden losses in your existing process
- Better value, where investment is required
Avoiding unnecessary capital expenditure
Manufacturing companies often expose themselves to serious financial risks by unknowingly investing in assets that:
- They don't need
- Fail to perform
This situation arises because of a lack of visibility of the current performance and more importantly the potential performance of their assets.
By using the OEE measure you can improve your assest performance, and avoid unnecessary capital expenditure. To find out how this can be done view our introduction to Money and Machines now.
Finding hidden losses in your existing process
Many organisations incur large manufacturing losses that are hidden within their existing measurement systems. OEE can reveal and prioritise unchallenged areas of loss and when used to drive the improvement process this can lead to:
- Increased output
- Improved quality
- Lower waste
- Improved customer service
- Increased profits
...without the need to buy new equipment. To find out how this can be done view our introduction to Money and Machines now.
Better value, where investment is required
The OEE measure enables the effectiveness of a new machine or production line to be measured objectively.
- Anticipate performance risks (and therefore financial risk) at the design stage of new equipment
- Ensure suppliers deliver by specifying 'output driven' performance contracts
- Tracking the performance of investments from commissioning into steady state operation
- Provide a meaningful measure with which to evaluate the success (or otherwise) of investments
To find out how this can be done view our introduction to Money and Machines now.
