High performance food and beverage manufacturers outpace their peers in operational metrics such as asset utilization, overall equipment effectiveness and operational availability, according to a recent report.
The five-month study by Informance International analyzed data from 141 worldwide food and beverage packaging lines and uncovered substantial gaps in performance between manufacturers that have granular, real-time visibility and measurement of key metrics versus those that do not.
The study revealed that best-in-class enterprises outpace laggard performers in asset utilization by 246 percent, overall equipment effectiveness by 150 percent and operation availability by 125 percent.
Additionally, laggard performers lose 21.12 percent of overall capacity to unknown causes, compared to less than 0.5 percent for best-in-class manufacturers.
"This study is unique because it was conducted using five months of real-time manufacturing performance data," said John Oskin, Founder and Executive Vice President of Informance International. "The highly granular and rich real-time nature of information brings a new dimension for external and internal benchmarking initiatives."
Key findings of the benchmark study found typical plants in the food and beverage industry average over 87,000 "short duration" line interruptions per year.