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Overall Equipment Effectiveness (OEE) is an important metric for many companies' initiatives in Operational Excellence. As of September 5th, 2012 we have now benchmarked over 350 different companies across a number of different strategic objectives, metrics, and operational excellence capabilities in the areas of people, process, and technology.
Our goal is to benchmark over 1,000 companies by the end of the year and make this data available to our clients through an interactive benchmark data web portal. Through this portal clients will be able to compare their performance to peers in metrics like: OEE, On Time and Complete Shipments, Successful New Product Introductions, and Cost of Quality just to name a few. The portal will also have the capability to dynamically filter results in real time across many different demographics, including: Company Revenue, Geography, Role in Supply Chain, and more.
However, we want to provide our readers a sneak peak into the data prior to the full portal launch.
The above figure contains a deep set of rich data. It shows the distribution of performance in OEE across a number of different discrete manufacturing industries. If your company is in A&D, Automotive, Semiconductor, Electronics, Industrial Equipment, or Medical Devices you can use this analysis to compare your performance against the median as well as top quartile performance in OEE. If you aren't sure how to calculate OEE you can follow this link to the OEE Formula.
As you conduct your own analysis, a few important observations to consider by industry include:
We hope you find this data valuable from a benchmarking perspective and we are looking forward to expanding our coverage in this area over time. This data set will only grow and improve over time but we already know of no other source in the market today offering such a rich set of benchmark data on OEE.
As mentioned above, over the next several months we will be providing interactive drill down analysis in additional demographic areas as well as correlation analysis highlighting which Operational Excellence capabilities across people, process, and technology drives improved performance in the metrics.
However, we are still interested in your input as to what matters for your business. We are still in the process of building these analytical applications and can incorporate your feedback and/or needs. If you have ideas or requirements, please be sure to share it with us, we would love to hear about what you are working on.
You might also be interested in:
Understanding the OEE Formula - Part 1
OEE Formula Example - Part 2
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