What do Availability, Performance and Quality mean?
Availability is how much of your planned production time the machine actually ran. Performance is how close it ran to its ideal cycle time while it was running. Quality is the share of output that didn't need rework or get scrapped. Multiply the three together and you get OEE — a single number that reflects all of it at once.
Want the full formula, a worked example and what counts as a good score? Read the complete OEE guide.