Standard Production Time Report: Measuring Overall Equipment Effectiveness
Introducing the Newtrax Standard Production Time (SPT) Report
The Standard Production Time report (SPT report), new to the Newtrax Console, measures the Overall Equipment Effectiveness (OEE) at the production site.
OEE measurement is also commonly used as a Key Performance Indicator (KPI) in conjunction with other measures to provide an indication of success in production operations.
The SPT report uses the concept of Availability to determine the “Total Effective Equipment Performance” (TEEP), which measures OEE against calendar hours, i.e.: 24 hours per day, 365 days per year.
In short, availability is the portion of the OEE metric that represents the percentage of scheduled time that the production’s operational equipment is actually available to operate.