This document provides an overview of Single Minute Exchange of Die (SMED), a methodology developed by Shigeo Shingo to reduce changeover times in manufacturing. SMED involves separating changeover tasks into internal and external activities, then converting internal tasks to external to reduce downtime. Benefits of SMED include lower costs, improved flexibility and responsiveness. The document outlines SMED's history and implementation techniques, and provides examples of how Formula 1 pit stops, cruise ships, and fire stations effectively use SMED principles to perform rapid changeovers.