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OEE and TEEP - what's the difference and how are variants of equipment efficiency calculated

Overall Equipment Effectiveness (OEE) is not as clear-cut as your company's standards might make it sound: there are (unfortunately, but often with good reason and intent) different ways to calculate it, mainly coming from the choice of what to leave out of 'total time'. A couple of terms are used for different slices of total time - TEEP is defined as using 24/7, OEE generally discounts days when the factory is closed (and sometimes also days when a certain line is not planned), and there are some other metrics that basically use that same idea of dividing effective time (good production) by a certain logical total available time (with that 'available' changing based on who uses this metric). #continuousimprovement #performancemanagement #oee