In the latest example of its efforts to help manufacturers maximize performance while reducing costs and complexity, Parsec today announced the launch of its real-time Overall Equipment Effectiveness (OEE) Performance Management solution. Built on the company’s powerful modular manufacturing management software platform, TrakSYS™, the new OEE solution gives manufacturers unparalleled ability to monitor, measure and improve operations.
The pressure to increase quality and quantity, while reducing costs, has manufacturers seeking a deeper understanding of trends and patterns and new ways to drive efficiency. The very nature of OEE is to identify the percentage of manufacturing time that is truly productive. It is the key metric for measuring the performance of an operation, but many companies measure it incorrectly, or don’t measure it at all.