Single minute exchange of die
SMED also contains the introduction of standardized tools, the replacement of internal tool changes with external ones – while the machine is active, setting up centering clamping devices on the tool carriers, as well as exact parameter setting during the adjustment of the machine in order to avoid any necessary readjustments. (Source: www.tu-chemnitz.de, www.leanmagazin.de, www.wikipedia.de)