Dr. V. N. Bedekar Institute of Management Studies, Thane, Maharashtra, India
Online published on 4 February, 2017.
This paper focuses on how SMED Technique helps an organization to save time of their operational cycle. It shows that parallel working along with SMED technique gives an effective result. It presents the findings of the work carried out at TATA STEEL GLOBAL WIRES at Tarapur production plant during the period of June, 2011-July, 2011. A Project entitled “TIME SAVING & COST REDUCTION USING SMED TECHNIQUE “was undertaken during this tenure. In this span, all the Changeovers and related processes were studied for the period of 2 months; also cost saving through raw material consumption was done. The main objective of the initiative was to reduce the changeover time i.e. to reduce operational cycle time. The main objective of the project is Time saving and suggest measures to control the cost through raw material handling.
Single-Minute Exchange of Die), Material Handling, Cost Saving