OLE
Performance
OLE (Overall Labor Effectiveness)
Overall Labor Effectiveness
Composite labor-performance metric typically combining availability, performance and quality concepts for workforce effectiveness.
Examples
- 01OLE for the hand-assembly team is 71 %, combining time available for work, work pace and right-first-time quality.
- 02The weekly review shows OLE by team, with the biggest loss coming from waiting for material.
- 03A project to improve material supply uses OLE as its outcome measure and lifts it to 80 %.