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Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products. Effective capacity is the maximum amount of work that an organization or individual is capable of completing in a given period due to constraints such as quality problems, delays, material handling, etc.
A workcell is a manufacturing arrangement that improves quality, speed and cost by minimizing waste and process flow. Learn how workcells are based on Lean Manufacturing principles and how they differ from traditional and software development approaches.
Capacity utilization is the extent to which a firm or nation employs its installed productive capacity. It is measured by the ratio of actual output to potential output, and it is related to inflation, investment, and business cycles.
Utilization factor is the ratio of the time or load that a piece of equipment is in use to the total time or capacity it could be in use. Learn about different definitions and applications of utilization factor in electrical engineering, offshore pipeline engineering and power plant.
OEE is a measure of how well a manufacturing operation is utilized compared to its full potential. It is calculated by multiplying availability, performance and quality, and can be used to identify and improve losses and productivity.
Operating cost is the expense of running a business or a device. It includes fixed, variable and semi-variable costs, as well as overhead and non-overhead costs. Learn more about the different types of operating costs and how to calculate them.
Learn how to calculate MTBF, the predicted elapsed time between failures of a repairable system, and its applications in reliability engineering and manufacturing. Find out the difference between MTBF and MTTF, MDT and MTTR, and how to use MTBF in series and parallel networks.
Microsoft Excel is a software that allows users to organize, calculate, and analyze data using a grid of cells, functions, graphs, and macros. It is part of the Microsoft 365 suite and runs on Windows, macOS, Android, iOS, and iPadOS.