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OEE
See Overall Equipment Effectiveness.
One-piece Flow
See Continuous Flow.
Operation
An activity performed on a product or service by a single resource. An operation is a component of Process. Also referred to as Task.
Overall Equipment Effectiveness (OEE)
A measure of how effectively equipment is utilized during scheduled operating time. OEE = (% time available) x (% of designed output rate) x (% First Pass Yield).