The
impact of productivity losses was examined and the overall equipment
effectiveness of a small scale manufacturing industry in Nigeria was examined.
Selected manufacturing system components were also analyzed. Results revealed
that all the twelve machines under study failed to meet the standard
availability value, only three machines met the standard performance efficiency
(at 96.15%, 95.69%, 98.28%), two machines met the standard rate of quality (at
99.51% and 99.75%), and only one machine met the standard overall equipment
effectiveness (at 85.46%). The probability of each of the machines failing
within a month lies between 0.68 and 0.99. Thus, managers should pay close attention
to all performance indices especifically those related to downtime. The
relevance of condition monitoring cannot therefore be overemphasized if
continuous smooth running of the plant with high productivity is to be
achieved.
