OEE is a single measure which shows how much of a product has actually been produced as a percentage of how much could have been produced. It combines all the standard performance measures - including availability, performance and quality. It should be thought of as the top measure in a cascade of measures.
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Productivity broadly, a measure of the output versus the cost. Economists have always defined it as ratio of OUTPUT and INPUT. Or in non-economic terms, what the employee gives you per what you gave the employee.
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