Project 2 - A project on creating Key Performance Indicator (KPI) dashboard for an Automotive Manufacturing company

Thingsboard parameter Monitoring

2.

OEE (Overall Equipment Effectiveness) is the gold standard for measuring manufacturing productivity. Simply put – it identifies the percentage of manufacturing time that is truly productive. An OEE score of 100% means only Good Parts are manufactured, as fast as possible, with no Stop Time. In the language of OEE that means 100% Quality (only Good Parts), 100% Performance (as fast as possible), and 100% Availability (no Stop Time).

AVAILABILITY: Availability takes into account all events that stops planned production long enough where it makes sense to track a reason for being down.

PERFORMANCE: Performance takes into account anything that causes the manufacturing process to run at less than the maximum possible speed, when it is running. Performance should never be greater than 100% if it is that usually indicates that ideal cycle time set incorrectly.

QUALITY: Takes into account manufactured parts that do not quality standards. Quality should never be compromised to improve the availability.

MTTR: Mean time to repair (MTTR) is a maintenance metric that measures the average time required to troubleshoot and repair failed equipment. It reflects how quickly an organization can respond to unplanned breakdowns and repair them. MTTR calculates the period between the start of the incident and the moment the system returns to production.

Pareto of losses: The Pareto Principle states that 80 percent of a project's benefit comes from 20 percent of the work. Or, conversely, that 80 percent of problems can be traced back to 20 percent of causes. Pareto Analysis identifies the problem areas or tasks that will have the biggest payoff.