Profitability in any company is determined by efficiency of operation. In lay terms this means how effectively one uses ones production resources. Overall Equipment Effectiveness (OEE) is a key performance indicator, which measures out of available time how much time is efficiently used in producing saleable goods. OEE is a performance metric compiled from data on machine availability, performance efficiency and rate of quality that is collected either manually or automatically. In most companies bottleneck machines or key machines determine throughput of the process. When a critical machine is inoperable, it brings downstream operations to a standstill. This can negatively affect delivery commitments to the customer, which in turn impacts cash flow and revenue.
Manual collection & processing of data is tedious and at times erroneous. Automatic data collection followed by idle time analysis helps management to continuously monitor productivity on the shop floor and take measures to reduce idle time thereby improving productivity.
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The need for Productivity Institute
Realizing the need to enhance the skill sets of fresh engineers in mechanical engineering to make "Industry Employable" and to mould them as per the company requirements, IMTMA organizes
The rapid growth of Indian machine tool Industry and the increasing sophistication of machine tool has created the need for a new breed of machine tool technologists.