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Useful Lessons from Henry Ford on Modernizing Equipment

As manufacturing equipment ages, the maintenance and repair (MRO) of the equipment increases while the Overall Equipment Effectiveness (OEE) decreases. Given this, companies must decide while bidding on new projects: “Use the aged equipment and invest in MRO while accepting a lower OEE” or “Invest in new equipment using the latest technology and generate a higher OEE.”

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