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SMED

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SMED: SMED (Single Minute Exchange of Die): SMED  stands for  Single Minute Exchange of Die. SMED (Single-Minute Exchange of Die)  is a Lean tool used in manufacturing to reduce equipment changeover time.  The goal of  SMED  is to complete as many steps as possible while the equipment is running , to save time and quickly change over to processing the next product. The core principles of the  SMED  procedure involve separating changeover elements into two categories. Internal activities and External activities. For  SMED : Internal activities  -  can only be performed when the production process is stopped. External activities-  can be completed while the machine running or upto the actual changeover begins.  SMED  helps in achievement of  rapid setups and minimized downtime by  converting internal activities into external activities. Advantages of the SMED: Reduced changeover times / Reduced Downtime by min...

OEE Overall Equipment Effectiveness

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OEE (Overall Equipment Effectiveness): What Is OEE?  OEE full form is Overall Equipment Effectiveness. OEE (Overall Equipment Effectiveness) is a fundamental principle of Lean Manufacturing, OEE (Overall Equipment Effectiveness) is a universal “best practice” metric to monitor, evaluate, and improve the effectiveness of a production .  OEE (Overall Equipment Effectiveness)  is  the percentage of planned production time that is truly productive. OEE in lean manufacturing means  manufacturing  good parts as fast as possible, with no downtime. OEE is  originally developed by JIPM (Japan Institute of Plant Maintenance) . OEE score of 100% represents perfect production:  OEE (Overall Equipment Effectiveness)  in manufacturing is a lean tool used in Total Productive Maintenance programs.  OEE Formula : OEE is a combination of three factors. Standard OEE formula is tabled by Nakajima. OEE (Overall Equipment Effectiveness ) is calculated as...