Vergence Analytics

Lean Manufacturing is rapidly becoming the main focus for many manufacturers.  Efforts continue to intensify to achieve sustainability as investors and stakeholders demand quick action and demonstrated improved performance.  While there are many metrics that can be used, few provide real time intelligence that can be used to measure and manage operations that translate into results before the end of the financial reporting period.

Overall Equipment Effectiveness or OEE  is one of the critical Vantage Point metrics being used by manufacturers around the world today that can be used to provide a window of opportunity for improvement.  Since OEE is a composite metric, its scope affects multiple departments and disciplines.  As such, using OEE as part of your core strategy to support your lean integration process presents an ideal approach to engage the entire management team in a truly rewarding experience.

Vergence Business Analytics was established to support a lean vision that engages employees at all levels of the organization and to assure the development and execution of an effective integration strategy to achieve measurable returns - in real time.  Today’s business climate demands operational performance metrics that can be translated into immediate financial terms.  Efficiency and effectiveness are not substitutes for real financial performance data but they are requirements to achieve financial expectations.

Click here for a detailed discussion of OEE, free Excel OEE spreadsheets and templates.  We appreciate your comments and suggestions.  Don’t miss out!  Please subscribe to our newsletter!

Thank you for visiting.  Until Next Time - STAY lean!

Vergence Business Analytics - Catalysts for Excellence
Toronto, Ontario, Canada

Vision > Strategy > Goals > Objectives > Metrics > Plan > Execute > Measure > Analyze > Improve > Control > Standardize

This entry was posted on Thursday, April 30th, 2009 at 4:01 pm and is filed under Lean, Lean Manufacturing, Metrics, OEE, Overall Equipment Effectiveness. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.