Availability
The percentage of time a machine is running compared to its planned production time. Factors affecting availability are unplanned stoppages like breakdowns, power failure, material unavailability, planned stoppages like changeovers, as well as avoidable delays like shift start delays.
Performance
How close the equipment operates to its maximum speed. Factors affecting performance are minor/unreported stops – idling, jam, sensor issue etc. and speed loss – reduced speed due to worn equipment, inexperienced operators , poor material quality etc.
Quality
The proportion of good output versus total output. Factors affecting quality are production rejection, set-up or startup loss, operator handling errors, reworks etc.