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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). |
Learn more about SMED More on manufacturing: 5 Whys, Changeover, Contract Manufacturing, Cradle to Cradle, Experience Curve, more... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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