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SMED (Single Minute Exchange of Die)
SMED is an acronym for single minute exchange of die—an approach that minimizes changeover or setup time in a process so that it can be accomplished in less than 10 minutes. (The single in SMED refers to single digits and not 60 seconds.)
What Small and Midsize Businesses Need to Know About SMED (Single Minute Exchange of Die)
Perfecting SMED can be beneficial for a company. The setup or changeover of different processes needs to be done correctly but in as little time as possible to enhance productivity and increase profits. Changing a tire is a common example. The average person needs 15 or more minutes to put on a spare. However, a NASCAR pit crew can change four tires in just seconds. In a company, management needs to work with internal elements, those that have to be completed while the equipment is stopped, and external elements, those that can be completed while the equipment is running.
Related terms
- Procurement
- Bill of Materials (BOM)
- Advanced Driver Assistance Systems (ADAS)
- Smart Factory
- Strategic Sourcing
- Value-Added Reseller (VAR)
- Telematics
- Supply Chain
- Vendor
- Enterprise Resource Planning (ERP)
- Supply Chain Planning (SCP)
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Total Quality Management (TQM)
- Vendor Management
- Senpai
- Radio-frequency Identification (RFID)
- Loopback
- Total Cost of Ownership (TCO)
- Electro Mobility (e-Mobility)