SMED is termed for Single Minute Exchange of Die. If you own a production company, then you should use this tool to save your costs and at the same time increases your production as well. A lot of people think that this is just so impossible to do. Once you increase your production, then you should definitely increase your cost for this two components to work together, right? Well, this is really hard and way impossible if you don’t follow the Single Minute Exchange of Die technique and implement it to your business.
This is one of the lean techniques that any business should implement because even though this is just a simple idea, you will be amazed by how powerful the results it creates. In your production, you will notice that there is a lot of production time that is consumed. It actually takes 3-5 hours maximum with engines running for nothing so your money will just be put to waste for this number of hours every day. Just imagine how far that length of time will go if it will be used in the right way. By strictly following the stages in SMED you will see results in no time.
If you are not convinced by this technique you can certainly perform a pilot test any time you want. And if you wanted to do it, just do it as soon as possible so you will know its effects and apply it to your business as soon as possible. The first thing that you should do is start a kaizen event that performs the SMED technique in the machine. It usually takes for about 3-5 days for the even to finish and repeats SMED’s four stages until you get fine results. You may have to do it several times until you reach your goal.
In view of SMED less time always equals more cash. Shigeo Shingo executed the system of SMED after monitoring carefully the setup processes in industrial units. He observed that a lot of time was being misused when switching the machines configurations for producing a single produce to those of the next machinery. In designing the SMED scheme, he set up improvements which provide numerous benefits in the industry.
With a wide range of goods in demand, businesses have to adapt by manufacturing a wide diversity of goods, and regularly in small amounts. This will bring out a lot of changeovers as well as better utilization of time periods when nothing is being processed. This system decreases the changeovers and gives an organization more flexibility. This will bring about better consumer satisfaction and huge profits.
Reduction of waste
Having shorter setup of SMED, businesses can manage to formulate lesser batches and circumvent excess. This will create a well organized system where more products are produced in accord with the current market instead of manufacturing huge amounts of one product.
With fewer changes taking place in SMED system, there is less chances for system variations and error to occur. When an error occurs, fewer products are affected due the technique of SMED of creating smaller batches. This results to very high production standard.
When there is less necessity for wrangling with machines during process, there will be reduced probability for a worker to get strain or injury. SMED ensures that there is reduced possibility for an employee to get injury because the setup procedures are very simple.
Less Inventory Complications
Since the inventory of an organization is taxable, any product that is sitting on hand in the organization is costing it capital hence reducing the profits. SMED offers organizations a more efficient ability to counter this. It also ensures that the work setting is well structured and comfortable.