MERLIN FOEE

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Using Financial OEE to uncover profits on the shop floor

Financial Overall Equipment Effectiveness (FOEE ) enables an organization to link its shop floor performance to actual profit dollars. Furthering Data-Driven Manufacturing initiatives and building on the foundation of OEE, FOEE compares and displays the financial percentage of profit value of products manufactured in a run relative to the world class product run performance. Effectively links throughput accounting, theory of constraints and historical OEE. FOEE promotes LEAN manufacturing and operational excellence initiatives, while minimizing costs and maximizing value.

Further harnessing the power of MERLN Tempus Enterprise Edition, MERLIN FOEE calculates the average profit throughput rate by utilizing the data, the number of units produced and the total scheduling time by machine and by products, which is already tracked and collected by MERLIN Tempus Enterprise Edition. The derived average throughput rate along with data associated to sales units, unit material cost and hourly OPEX cost of the machine, is used by MERLIN FOEE to calculate the Contribution of Constraint hour (CCh). The module then compares the average CCh, previously calculated, with the best ever CCh and displays the FOEE for the organization.

With MERLIN FOEE:

  • Know hourly profit rate of individual products on individual machines
  • Quickly determine the highest profit generating machine/product combination
  • Discover the hidden factory
  • Identify setup time losses
  • Monitor performance progress on a specific machine and product
  • Value information for Continuous Improvement teams
  • Pro-active planning and scheduling strategies based on actual data
  • Impactful visualization of the production process
  • Empowers the organization to set SMART goals
  • Enables higher revenue and lower cost providing a competitive edge
  • Visually display production profits

MERLIN FOEE features include:

  • Comprehensive operations grid
  • Matrix & Heat Map with values color coded from Highest (green) to Lowest (red), rates per hour, IFO, throughput
  • Optimized Schedule ‘Sandbox’ Recommendations
  • Machine/Product OEE Performance Curve(s)
  • FOEE Result and Profit Contribution by Product and by Machine
  • FOEE Performance Comparison across Products on a Machine
  • FOEE Performance Comparison of a Product across capable Machines
  • Additional Continuous Improvement Value Tools
  • World Class Benchmarking option
  • Product setup comparison, OPEX, COGS, ideal ranking
  • Browser based display for any device

Click here for MERLIN FOEE feature sheet