In plain English
SMED stands for 'Single-Minute Exchange of Die' — a fancy name for a simple idea: dramatically reduce the time lost when you switch a machine, station or space from one job to the next. That switch-over time is pure lost capacity.
The parts, simply
Why it matters to your business
Long changeovers push businesses to make big batches 'to avoid the hassle', which creates piles of inventory and slows everything down. Fast changeovers let you make what's needed, when it's needed — smaller batches, less stock, quicker orders.
Everyday example
If resetting the line takes 40 minutes of scrambling, you lose 40 minutes of selling. Prepping the lunch mise-en-place while breakfast is still running (an 'external' step), and keeping tools at the point of use, can cut that to 10 minutes.
How SenseFlow does this for you
SenseFlow spots long changeovers in your flow and suggests which set-up steps can be prepped in advance, with the time and money you'd save.