OLE Calculation
Effective use of OLE uncovers the data that fuels root-cause analysis and points to corrective actions. Likewise, OLE exposes trends that can be used to diagnose more subtle problems. It also helps managers understand whether corrective actions did, in fact, solve problems and improve overall productivity.
Example:
Calculation: OLE = Availability x Performance x Quality
Example:
A workforce experiences...
Availability of 87%
The Work Center Performance is 90%.
Work Center Quality is 96%.
OLE = 87% Availability x 90% Performance x 96% Quality = 75%
Read more about this topic: Overall Labor Effectiveness
Famous quotes containing the words ole and/or calculation:
“My ole man died—hunh—
Cussin’ me;
Ole lady rocks, bebby,
Huh misery.”
—Sterling Allen Brown (b. 1901)
“Common sense is the measure of the possible; it is composed of experience and prevision; it is calculation appled to life.”
—Henri-Frédéric Amiel (1821–1881)