What is Availability?
Availability
The percentage of time actually spent on equipment out of the hours scheduled to be worked.
What it means
Availability looks at how much the equipment is running when it should be running. Divide your money hours by the hours you commit to work.
Even if the quantity is full, availability may not be 100%. This means that we were able to create more for the amount of time we stopped.
At the pen factory
The assembly machine is scheduled to run 400 minutes per day. On day 19, the spring hit and stopped for 30 minutes, so 370 ÷ 400 = 92.5%.
Why it matters
Before buying more equipment, you need to know how well your current equipment stands.