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  2. Operational efficiency - Wikipedia

    en.wikipedia.org/wiki/Operational_efficiency

    An example of a more for same alternative is a manufacturing company reducing its output of faulty products (and thereby reducing after sales cost) without using more money or resources. This can e.g. be achieved through use of quality management systems, addressing quality in existing training programs for personnel or introduction of higher ...

  3. Productive efficiency - Wikipedia

    en.wikipedia.org/wiki/Productive_efficiency

    Productive efficiency is an aspect of economic efficiency that focuses on how to maximize output of a chosen product portfolio, without concern for whether your product portfolio is making goods in the right proportion; in misguided application, it will aid in manufacturing the wrong basket of outputs faster and cheaper than ever before.

  4. Industrial technology - Wikipedia

    en.wikipedia.org/wiki/Industrial_technology

    Industrial technology is the use of engineering and manufacturing technology to make production faster, simpler, and more efficient. The industrial technology field employs creative and technically proficient individuals who can help a company achieve efficient and profitable productivity. [1]

  5. Overall labor effectiveness - Wikipedia

    en.wikipedia.org/wiki/Overall_Labor_Effectiveness

    OLE can help manufacturers analyze shift productivity down to a single-shift level, and determine which individual workers are most productive, and then identify corrective actions to bring operations up to standards. Calculation: Quality = Saleable parts / Total parts produced Example: Two employees (workforce) produce 670 Good Units during a ...

  6. Overall equipment effectiveness - Wikipedia

    en.wikipedia.org/wiki/Overall_equipment...

    Measuring OEE is a manufacturing best practice. By measuring OEE and the underlying losses, important insights can be gained on how to systematically improve the manufacturing process. OEE is an effective metric for identifying losses, bench-marking progress, and improving the productivity of manufacturing equipment (i.e., eliminating waste).

  7. Productivity - Wikipedia

    en.wikipedia.org/wiki/Productivity

    Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. [ 1 ]

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  9. Industrial and production engineering - Wikipedia

    en.wikipedia.org/wiki/Industrial_and_Production...

    Manufacturing engineers develop and create physical artifacts, production processes, and technology. It is a very broad area which includes the design and development of products. Manufacturing engineering is considered to be a sub-discipline of industrial engineering/systems engineering and has very strong overlaps with mechanical engineering ...