Memex has crafted an ROI calculator which incorporates historical continuous improvement values in three scenarios. The resulting projections of productivity gains and profitability potential are amazing.

Job Shop companies tend to believe that no two products are the same and so must be designed and built individually. The reality is that while every product may be unique, most of the individual operations that go into making a product are very similar. These operations depend on the two most expensive assets of any manufacturing company: the equipment located on the shop floor and the people that operate it.

Robert C. Hansen author of Overall Equipment Effectiveness: A Powerful Production/Maintenance tool for increased profits, discusses in great detail the role of OEE in driving profitability. According to John Rattray of Memex Automation (http://www.memex.ca), “We developed the Memex OEE ROI Calculator for clients to find the hidden capacity in a plant. Typically a 10% improvement in OEE can generate a 60+% improvement to EBIT - representing millions of dollars to the bottom line profit.”

The potential is right there on the shop floor. There are many success stories of companies realizing the benefits and reaping the windfall. With Memex’s ROI calculator, companies evaluate the impact of OEE implementation, whether reducing costs or mining capacity, this innovative tool allows for quantifiable improvements. Built by leaders in the industry, the ROI calculator provides both numerical and graphical results, validates the potential of the shop.

About Memex Automation Inc.
Memex Automation Inc., http://www.memex.ca, a unit of Astrix Networks Inc., was created to leverage the research and development of Memex Electronics, which was founded in 1992. Memex continues its tradition of serving the discrete manufacturing sector, supplying component hardware, memory upgrades, and visionary shop floor communication technology. Memex products allow a manufacturer to realize the impact of OEE Profitability.

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
Unified Data Management

Uptake Teams up with Cognizant to Unlock Unified Data Management

Uptake Fusion cost-effectively allows companies to set up data lakes, in addition to enterprise-wide asset monitoring, automated reporting, and digital twins

Seeq Recognizes Reseller and Service Partners of the Year

Seeq Recognizes Reseller and Service Partners of the Year

Seeq enables engineers and scientists in process manufacturing organizations to rapidly analyze, predict, collaborate, and share insights to improve production outcomes.

Scott Reese Named CEO of GE Digital

Scott Reese Named CEO of GE Digital

Scott Reese has track record of transforming software businesses and driving growth