How to Calculate ROI of a Machine Monitoring System

At a high level, calculating ROI of any piece of software or hardware is simple: You measure the cost of the goods and services versus the benefits that they provide. Calculating the ROI of Machine monitoring software follows the same rule. You measure the cost of the software versus the benefits.   For machine monitoring software, […]

How to Reduce Manufacturing Costs with Machine Monitoring

The profitability of manufacturing operations depends heavily on the ability to keep fixed and variable costs to a minimum. How do you reduce costs in manufacturing? Where do you look for cost reduction opportunities?  With a properly integrated machine monitoring system, you can find cost reduction opportunities, and prioritise them using real data.  This article […]

Downtime in Manufacturing: Causes, Costs & How to Reduce

Downtime in manufacturing is an unavoidable reality. Value add operational downtime events such as servicing and tool set ups are inevitable components of the manufacturing process. These are inherent costs associated with manufacturing operations.  Non-value add downtime events however, represent a distinct challenge. As a manufacturer, your primary objective should be to minimize unplanned downtime […]

What is OEE, why do manufacturers need to measure it, and how is it calculated?

What is OEE? Put simply, OEE (Overall Equipment Effectiveness) is a measure of how well a manufacturing operation is running compared to its full potential. It is represented as a percentage of actual useful production / potential production. Perfect productivity or 100% OEE would mean that production time and resources (production assets and material) are […]