Memex Automation Links Financial OEE to Return on Net Assets
Physical Asset Management and Manufacturing links metrics so that improvements in equipment and work effectiveness are connected to the resulting contribution to business and operating objectives. Physical Asset Management and Manufacturing metrics begin with business measures such as RONA and ROCE. They include industry benchmarks such as cost per Unit and Replacement Asset Value. Effectiveness metrics cascade through Overall, Availability, Yield or Performance, Quality and cost measures of performance. Equipment effectiveness, including inventory tracking through RFID, and work productivity measures...
View full press release