Definition: SMED is an acronym for Single Minute Exchange of Die. It is a manufacturing method for reducing waste in a manufacturing process by achieving rapid turnover of dies/tools/moulds in less than 10 minutes (single-digit minutes). |
More on manufacturing: 5 Whys, Changeover, Contract Manufacturing, Cradle to Cradle, Experience Curve, more on manufacturing... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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