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
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Huh misery.”
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““To my thinking” boomed the Professor, begging the question as usual, “the greatest triumph of the human mind was the calculation of Neptune from the observed vagaries of the orbit of Uranus.”
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—Samuel Beckett (1906–1989)