An improved measurement method and system particularly suited for graphite electrodes which correlates point cloud measurements collected from a CMM probe and laser scanner with an optimized model of the measured electrode to confirm the electrode is within tolerance or identify out of tolerance areas. The innovative method and system include a CMM probe either controlled by the operator or other forms of robotic automation, a laser scanner, and optimized models measured against the measured electrode and a computer server controlling a processing program for sorting and processing the collected measurements and optimized models. The described system and method therefore integrates a blend of technologies to precisely check the electrode for defects and to predict the performance within an electric arc furnace.