The Smart Factory of the Future by McKinsey

The OEE calculation rolls the “6 big losses” of TPM into one number that represents the effective operating rate for a piece of equipment or synchronized line—in other words, the percent of time the equipment or line is operating effectively, or its valuable operating time.

With the help of lean technology, companies can eliminate waste to help improve profitability.

In part one of our eight-part series on lean manufacturing waste, we outline waste caused by defects and how you can minimize impact on manufacturing processes.