The Full Form of SMED is Single-minute exchange of die.
Single–Minute Exchange of Die (SMED) is one of the many lean production methods for reducing waste in a manufacturing process. It provides a rapid and efficient way of converting a manufacturing process from running the current product to running the next product. This rapid changeover is key to reducing production lot sizes and thereby improving flow (Mura).
SMED
means
Single-minute exchange of die
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