Down time monitoring is the flip side of utilisation monitoring. In reality they offer the opportunity to cross check measurements.
The accuracy of key performance indicators is a critical factor in production planning, budget setting and investment planning. Demand variability is the variable that drives output scheduling.
Production Rates and Targets
Machines can be set to produce at variable rates. Targets required to meet demand drive the rates of production. Faster speeds have an implact upon production quality.
Each specific operation has an ideal cycle time. Monitoring cycle times is key to bottleneck or constraint determination.
Overall Equipment Effectiveness is an indicator of utilization that is derived by a formula that takes performance, quality and operating uptime into account in assessing the utilisation of available capacity.
