SMED
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...