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Overall labor effectiveness (OLE) is a key performance indicator (KPI) that measures the utilization, performance, and quality of the workforce and its impact on productivity. Similar to overall equipment effectiveness (OEE), OLE measures availability, performance, and quality.
Castrol has used inventory optimization to reduce finished goods inventory by an average of 35 percent in two years while increasing service levels (defined as line fill rates) by 9 percent. [ 21 ]
The confirmed line item performance of one product p for a delivery week is calculated as the ratio of the virtual delivery to the virtually committed order. If there are more chips delivered than ordered, the CLIP weekly of the respective product is 100%.
As such, dubious KPIs can be adopted that can be used as a rough guide rather than a precise benchmark. [16] Key performance indicators can also lead to perverse incentives and unintended consequences as a result of employees working to the specific measurements at the expense of the actual quality or value of their work. [17] [18]
Fillrate or fill rate can refer to: Fillrate, a measure of graphics performance; Service rate, a logistics measure of ordering performance;
Example checklist. While the check sheets discussed above are all for capturing and categorizing observations, the checklist is intended as a mistake-proofing aid when carrying out multi-step procedures, particularly during the checking and finishing of process outputs. This type of check sheet consists of the following:
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