What are the benefits and challenges of smed in a high-mix, low-volume environment?
SMED, or single-minute exchange of dies, is a Lean Six Sigma technique that aims to reduce the time and waste involved in changing from one product or process to another. It can help improve productivity, quality, flexibility, and customer satisfaction in manufacturing and service operations. However, applying SMED in a high-mix, low-volume (HMLV) environment, where there is a large variety of products and a small number of orders for each, can pose some benefits and challenges. In this article, you will learn what they are and how to overcome them.