Product Suite

Supply Chain Glossary - S

Supply Chain Glossary - S

single-minute exchange of die (SMED) or SMED

The concept of setup times of less than 10 minutes, developed by Shigeo Shingo in 1970 at Toyota. See: single-digit setup.

Inventory models used to define economical or profit maximizing lot-size quantities when an item is ordered or produced only once, e.g., newspapers, calendars, tax guides, greeting cards, or periodicals, while facing uncertain demands. Syn: static inventory models.


Test Country