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The definition of an operational analytics processing engine (OPAP) [8] can be expressed in the form of the following six propositions: Complex queries: Support for queries like inner & outer joins, aggregations, sorting, relevance, etc. Low data latency: An update to any data record is visible in query results in under than a few seconds.
Even though important, input indicators like the unit production cost should not be seen as sole indicators of operational efficiency. When measuring operational efficiency, a company should define, measure and track a number of performance indicators on both the input and output side. The exact definition of these performance indicators varies ...
Performance = total count / target counter, by definition this is the percentage of total parts produced on the machine to the production rate of machine. Quality = good count / total count, by definition, this is the percentage of good parts out of the total parts produced on the machine. Cycle time ratio (CTR) = standard cycle time / real ...
Manufacturing operations management (MOM) is a collection of systems for managing end-to-end manufacturing processes with a view to optimizing efficiency. [1] There are many types of MOM software, including for production management, performance analysis, quality and compliance, and human machine interface (HMI). Production management software ...
Business performance management (BPM) (also known as corporate performance management (CPM) [2] enterprise performance management (EPM), [3] [4] organizational performance management, or performance management) is a management approach which encompasses a set of processes and analytical tools to ensure that an organization's activities and output are aligned with its goals.
Total effective equipment performance (TEEP) is a closely related measure which quantifies OEE against calendar hours rather than only against scheduled operating hours. A TEEP of 100% means that the operations have run with an OEE of 100% 24 hours a day and 365 days a year (100% loading). The term OEE was coined by Seiichi Nakajima. [2]
The SCOR model describes the business activities associated with satisfying a customer's demand, which include plan, source, make, deliver, return, and enable. Use of the model includes analyzing the current state of a company's processes and goals, quantifying operational performance, and comparing company performance to benchmark data.
Operations research (British English: operational research) (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a branch of applied mathematics that deals with the development and application of analytical methods to improve management and decision-making.