Analyzing the Role of Six Big Losses in OEE to Enhance the Performance: Literature Review and Directions

The engineering sectors have a considerable contribution toward a nation’s economy. These industries are amid the principle-focused industries around the globe. Hence, appropriate utilization of available resources as well as equipment is a high priority in task list of every industry. Since many of these industries are dealing with hurdles to keep all the activities, operations, and synchronized use of equipment with a considerable reduction of time losses. These time losses (so called Six Big Losses) have a set of analyzing factors, which affect the overall performance. Six Big Losses (SBL) are now becoming the real cause of focus to attain world class manufacturing standards in association with strategic tool such as OEE (Overall Equipment Effectiveness). To cover the wide-ranging and dynamic time loss analysis, the corrective measure is OEE. The aim of implementation of OEE is to enhance and acquire the equipment’s effectiveness by removing all the potential losses of the industry. This paper discloses the importance of the extensive literature for analysis of these losses systematically. This study also covers a powerful organized strategy, i.e., OEE and the actual time losses in the industries to bring transformation in the attitude of management, managers and workers. This paper tunes up the literature related to SBL to find the potential errors through optimized approach to improve decision-making.