Single Minute Exchange of Die (SMED) is a cornerstone of lean manufacturing and can help to reduce setup time and improve productivity enabling smaller batch sizes to be produced, whilst reducing lead time.
As an example of the power of SMED in 1982 at Toyota, the die punch set up time in the cold-forging process was reduced over a three-month period from one hour and forty minutes to three minutes.
Anyone out there using or used SMED to this effect?
Regards,
Simon
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