For those of us engaged in Lean Manufacturing, SMED is an acronym for Single Minute Exchange of Dies. It is a target that we strive to achieve in order to reduce the downtime of going from the manufacturing of one product to another. This allows for the reduction of lot sizes and improves the flow of material through the production facility. Several types of observations are made when we’re considering a SMED initiative in operations such as the position and availability of the die to be put in and the availability of space for the extracted die. We also look at whether the addition of other resources (human or technological) or changing the types of tools being used would add net value to that stage of the process or the production process overall.
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