What is Single-Minute Exchange of Dies

Scientific research and mathematics are the driving forces of economic progress. Firms that can align themselves with the contemporary information and communication technology era through their decisions about the digital transformation and sustain their competitive advantage might have a higher chance of survival compared to those that cannot. The managerial decisions that revolve around manufacturing focus on production planning and control along with cost minimization. Scheduling and sequencing activities lie at the heart of production planning and control. This chapter provides a basic perspective for the transformation from the traditional batch processing type of short-term manufacturing scheduling to the single-piece flow type of scheduling while presenting a novel manufacturing scheduling model to minimize the manufacturing cost for varying setup times and job sequence.