Looking at the overall process flows may indicate that while the overall process may need to run at 85 percent OEE, each machine will likely vary depending on cycle times and designed efficiencies. Most other measures roll up into these four KPIs. And fuel mileage directly affects the number of laps between pit stops. Measurements for lap speed, cornering speeds, cornering ability, and aerodynamics all affect the KPI of lap times. Finishing position has a direct effect on the sponsors financial support of the race team and the team s budget.
Sponsors pay for advertising visibility and can calculate their return on that investment.
Finishing position is also a function of the other three KPIs. Second, engage those closest to the equipment and processes in the collection, analysis, and corrective actions resulting from their data collection. This step is extremely important. Test and practice results whether at the shop, in the wind tunnels, or at the track are all documented by the people closest to improving performance. Race-day performance also is measured by those closest to the action.