OEE monitoring system is the totality of numerous measures, including overall time, cost, and the efficacy of each device in a production task. It is used to track project expenses, processes, quality, and other data. It has shown to be a useful statistic because it can assist in identifying and correcting difficulties in a project.
In short, it is critical that all equipment within your manufacturing unit function properly. In the long run, OEE is a solid indicator of a system’s overall health.
    • OEE has been used as one of the primary measures for monitoring manufacturing performance by 62% of firms who view analytics and Business Intelligence (BI) to be extremely/very valuable.
    • 58% of manufacturers believe it is extremely vital to have OEE monitoring system on their mobile device dashboards in order to keep production lines operating properly.
    • To improve production line efficiency, 46% of firms believe it is extremely/very important to track Overall Equipment Effectiveness (OEE) levels in real-time on a per-machine basis.
    • According to the most recent IQMS client study, 45% of plastics and rubber product producers are currently adopting OEE to standardize and scale production.
OEE can help a company identify the bottlenecks and performance issues in the manufacturing process. Manufacturers are adopting analytics and BI to make better decisions and increase productivity. The insights from OEE monitoring system is key in the modern manufacturing process. It helps decision makers to make better decisions based on data rather than gut feelings.
Manufacturers are becoming increasingly digitally enabled, with equipment capturing and acting on yield rates, automating the analysis of Engineering Change Orders (ECOs), and standardizing on Overall Equipment Effectiveness (OEE).
Let's have a look at the top 10 reasons why OEE monitoring system is playing a crucial role these days -
1. A well-designed OEE monitoring system can track OEE in real-time and give insights to improve the overall production line efficiency. The accuracy of OEE is vital in the manufacturing process, and the data captured by the OEE monitoring system can help manufacturers to make better informed business decisions.

2. OEE contributes to faster growth by improving machine availability, performance, and quality. It aids in determining which machines have the potential for yield improvements as well as the possibility for process enhancements. The more predictable the manufacturing lines are, the more accurate and on-time customer orders are delivered. Improving on-time order performance and getting more perfect orders increases sales by offering chances for upsell, cross-sell, and reorder. Because it can help to establish a more stable, predictable production environment, OEE is now one of the drivers of new revenue growth in many manufacturers.

3. Tracking OEE over time is the cornerstone for simultaneously improving line performance and process quality. Four prominent aims emerge as crucial to keeping their enterprises expanding in any manufacturing unit. These include lowering costs, increasing productivity, enhancing quality, and expanding manufacturing capacity. These objectives lead manufacturers to focus on line performance process quality. The roadmap below shows how OEE monitoring system is assisting manufacturers in achieving corporate goals by offering demonstrable business outcomes.

4. Taking steps to improve line performance and process quality is a continuous process, and OEE is the data fuel that allows this to happen. OEE monitoring systems provide the relevant data that drives producers to increase line performance and process quality gains. Furthermore, manufacturers are increasingly investigating the Cost of Quality’s consequences on monthly financial performance down to the machine level in the hopes of further optimizing production line performance.

5. Improving production line performance with OEE results in quality gains and increased income. Product quality improves when OEE performance is linked to business gains and results. Furthermore, the higher the daily product quality, the cheaper the scrap, product rework, and RMA expenses. Making a strong link between enhanced OEE performance and improved business outcomes is a great strategy to jump-start additional revenue growth.

6. The age of smart machines has arrived. Sensors for heat, vibration, throughput, and, in the case of integrated chip production, quality levels have been installed on manufacturing gear and assets for many years. The rate of innovation on analytics and BI solutions capable of making the most of real-time monitoring is accelerating. The OEE monitoring system is one of numerous production metrics that are becoming more popular as a result of higher-quality data from real-time monitoring across shop floors.

7. Competitors are building manufacturing plants capable of fully automated or lights-out manufacturing, relying on OEE monitoring system as shop floor guard rails. Every manufacturer competes globally every day against competitors who are either chasing the lowest labor costs or brightest minds around the world. OEE is one of the main guardrails keeping advanced manufacturing running efficiently, delivering orders on time and synchronizing production across the shop floor.

8. OEE monitoring systems can provide real-time data from every machine on a production line. Mobile apps built on ERP platforms are growing across the shop floor, providing production managers with flexibility and insight for daily fine-tuning. OEE is quickly becoming the preferred statistic for production engineering, manufacturing production management, operations management, and senior management teams interested in understanding how each machine’s availability, performance, and quality affects growth.

9. OEE monitoring systems are becoming increasingly popular since they are one of the most reliable metrics that are generated directly from shop floor data. Keeping OEE from becoming excessively biased by excluding it from compensation and bonus programs and deciding to exclude it from any prospective performance reviews. OEE adoption is booming because it produces results and can be utilized to strengthen cooperation and collaboration from the shop floor to the top floor.

10. OEE monitoring systems provide manufacturers with the information they need to prioritize production processes for the best possible return. By aggregating OEE across production lines on a single dashboard, real-time monitoring is enabled, accelerating equipment, production line, and plant performance gains. To have this kind of insight improves line performance and process quality gains even further.

Manufacturers need to embrace OEE monitoring systems as a critical component of their business growth and success. It is allowing manufacturing units to monitor machines and processes, gain insight into production line quality, and use the data to make informed decisions about how to improve production.
Future Algos, the industry expert in IoT enabled OEE Monitoring System, can help you optimize your production process and achieve superior factory-floor metrics. Call us today and let us help you set up an OEE monitoring system to monitor your entire production line, automate your business processes, and provide insights to improve your growth and profits.