Journal of Applied Business, Economics and Strategic Management ISSN: 3139-1664 (Online)

Authors:-Deepak.S, Dr.R.Vinayagasundaram

Abstract:-Overall Equipment Effectiveness is one of the performance evaluation methods that are most common and popular in the production industries. Overall Equipment Effectiveness (OEE), Overall Line efficiency (OLE) and Overall labour effectiveness plays a vital role where performance and quality of the product are of importance to the organization. It intended for minimizing the breakdowns, increasing performance and quality rate and thus improving the effectiveness of the machine/system and labour. The availability rate of the machine, performance rate of the machine and quality rate of the products are considered as main parameters for maximizing the OEE of a manufacturing system. It is found that poor performance rate contributes more than availability rate and quality rate. The objective of this work is to enhance the overall equipment effectiveness (OEE) and overall labor effectiveness (OLE) in a manufacturing company by introducing the process change.

Keywords: OEE, OLE, Improvement, Process Optimization & Production Improvement.