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.