What is teep, why measure it?

Total Effective Equipment Performance (TEEP) is a metric that measures the false capacity utilization of manufacturing equipment, taking into account both planned and unplanned downtime. It is calculated by multiplying OEE (Overall Equipment Effectiveness) by the percentage of time the equipment is available for production (including weekends and holidays). Measuring TEEP helps organizations understand their total potential output, identify hidden capacity, and uncover opportunities for improving productivity by minimizing downtime and optimizing resource utilization.