Single-Minute Exchange of Die (SMED) is a lean manufacturing technique aimed at reducing the time it takes to switch from one production process to another. The goal is to minimize downtime, allowing for more efficient production and increased flexibility. By streamlining setup processes, companies can respond quickly to changes in demand and reduce waste. The SMED method involves analyzing each step of the setup process, identifying non-value-added activities, and converting them into value-added activities. This approach often includes standardizing tools and procedures, which helps teams perform quicker and more efficiently during equipment changeovers.