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Overall Equipment Effectiveness
Overall Equipment Effectiveness quantifies how well a manufacturing unit performs relative to its designed capacity, during the periods when it is scheduled to run. OEE is a measure of Availability, Performance, and Quality.
An OEM (Original Equipment Manufacturer) is a company that manufactures a product (typically a hardware product) that is then duplicated with little or no changes as it is sold to many customers. IE: a company that makes printing presses is an OEM and sells to facilities that use the printing presses.