Useful Lessons from Henry Ford on Modernizing Equipment
Leave a CommentAs manufacturing equipment ages, the maintenance and repair (MRO) of the equipment increases while the Overall Equipment Effectiveness (OEE) decreases. Given this, companies must decide while bidding on new projects: “Use the aged equipment and invest in MRO while accepting a lower OEE” or “Invest in new equipment using the latest technology and generate a higher OEE.”