OLE
Availability, performance and quality as a single key performance indicator (KPI). The average value of OLE in a manufacturing company is 40%. World class manufacturers operate at 75% or above depending on their industry (KPI).
Overall Labor Effectiveness (OLE) is a calculation based on employee key performance indicators.
Calculation
Availability x Performance x Quality
Measure
It is measured as a percentage (%). The higher the percentage the better.
Report(s)
Dashboard shows the overall effectiveness for today for all workers
Employee Status shows a worker’s overall effectiveness for today
Employee Performance shows current and historical overall effectiveness for an individual worker