OEE (Overall Equipment Effectiveness) and TEEP (Total Effective Equipment Performance) stand out as two of the most complex and critical performance indicators for machinery and equipment in a business. OEE measures the level of utilization of production equipment during the planned production time, while TEEP's task is to consider the overall available time. These indicators provide a comprehensive view of the manufacturing sphere of the business, helping identify the causes of production time losses for machinery and equipment and contributing to targeted improvements.
Performance indicators MTTR (Mean Time To Repair) and MTBF (Mean Time Between Failures) are popular calculations for assessing the reliability and availability of production equipment. MTTR measures the average time needed to repair equipment, while MTBF's task is to measure the average time between two failures. These indicators are a prerequisite for the proper implementation of the TPM method in the company.
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