Cutting costs and improving productivity separate winners from losers in the market, but how can operations continue to improve after “harvesting the low-hanging fruit?" One way to ensure continual improvement of product cost, manufacturing time and quality is to implement an operational excellence program.
These plans help manufacturing operations optimize their people, processes and technologies to meet and exceed operational and financial objectives. An exemplary plan includes metrics to track progress toward those goals, the strongest of which is the overall equipment effectiveness (OEE) metric.