The Lean Tool to Reduce Setup Times Is SMED; This

question 16

Multiple Choice

The lean tool to reduce setup times is SMED; this acronym stands for

• A)Sample minute exchange of dry
• B)Single minute exchange of die
• C)Simple minute exchange of die
• D)Simple minute exchange of dry

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Definitions:

Variable Lubrication Cost

Costs for lubricants that vary with the level of machinery activity or operation hours.

Mixed Cost

A cost consisting both of variable and fixed components, which changes in total in response to changes in activity level but not necessarily in direct proportion.

Least-squares Regression

A method in statistics for finding the optimal line of fit by minimizing the sum of the squared deviations between real and estimated values.

Maintenance Cost

The expenses incurred to keep machinery, equipment, or buildings in operating condition and repair.