Total Productive Maintenance performance utilizes the Overall Equipment Effectiveness (OEE) metric to characterize the overall performance of a single piece of equipment or even an entire factory.

Total Productive Maintenance (TPM) emphasizes the importance of maximizing the efficiency of machinery and equipment throughout their entire lifecycle. The Overall Equipment Effectiveness (OEE) metric is essential in this context as it provides a comprehensive measure of how effectively a manufacturing operation is being utilized. OEE considers three critical factors: availability, performance, and quality. By evaluating these factors, organizations can identify losses or inefficiencies, enabling them to implement improvements that enhance equipment performance.

In the context of TPM, using OEE allows organizations to track performance not only on individual machines but also across entire production lines or factories. This holistic view helps in identifying bottlenecks and optimizing maintenance practices, ultimately leading to higher productivity and reduced downtime. Therefore, the statement that Total Productive Maintenance performance utilizes OEE to characterize overall equipment performance is accurate.