The importance of the manufacturing sector is inevitable in the development of a nation; because it has the potential to not only take economic growth to a higher trajectory but also to provide employment to a large pool of the country’s young labor force. India’s manufacturing sector has registered an upsurge during the past few years. The country is emerging as a global manufacturing hub and by the year 2030, it can add more than $500 billion annually to the global economy. With the government widely promoting startups and entrepreneurship through various initiatives, most clients are looking for quick and transparent industry manufacturing processes, which can produce highly reliable solutions.
Emerging as a competent leader in this aspect, Machine Maze is an artificial intelligence-assisted, industry 4.0 enabled, B2B manufacturing platform that is enabling ondemand, quick and transparent manufacturing of bespoke components and assemblies for various OEMs (Original Equipment Manufacturers) across India and the globe. The firm has created a robust manufacturing ecosystem that is changing the landscape of the manufacturing supply chain.
“From quoting the price in the least possible lead time to live progress updates and frequent quality checks, we do it all to make the manufacturing process transparent and we are constantly
innovating. The motivation to innovate a supply chain process comes from the fact that this vast industry space is essentially relationship driven and relying on data and ecosystem will surely optimize it.
I have essentially borrowed from my 15 years of experience having worked in leadership roles in Honeywell & Stanley Black & Decker and building products with plants across the world”, says Arun Ramu, Co- Founder.
Innovative Approach
The Bangalore based startup Machine Maze- MAAS (Manufacturing as a Service Platform) is a very unique offering that is backed up by a unique proprietary software platform. The firm has a network of over 300 plus manufacturing plants across 25 locations in India. The platform has already been used to identify over 45 plus crores of manufacturing requirements from various OEM’s, in the eight months of operation.
Machine Maze operates in the auto ancillary, electric vehicle, heavy machinery, industrial manufacturing, and power segment- says Arun. "The company boasts of some reputed clients across the country and ships more than 500 tons of casting each year, over 40,000+ parts have been shipped and 150,000 pieces on order. Our revenue has grown over 10X in the first quarter of this year alone", said Arun.
With a tech-first approach, Machine Maze has managed to craft and deploy a fully built software ecosystem connecting supply and demand, with a level of transparency that has never been seen before. This is enabling OEM’s to discover vendor and prices over 10 times faster, reducing the time to market by over 80 percent and improving margins. Machine Maze has positioned workflows and modules in the platform that are unique to the needs of each customer to accommodate varied manufacturing processes. “The one size fits all approach, does not work in areas that require engineering and domain expertise”, said Arun.
Machine Maze has created an integrated qualitydriven ecosystem. Every component delivered by the firm to various plants undergoes a quality process and thirdparty inspection process which enables it to get it right the first time, in a manufacturing landscape that is plagued by timeline delays and quality failures, Machine Maze is building a completely connected and efficient manufacturing ecosystem benefitting both the supply and demand side. "For the SME’s, Machine Maze’s platform is providing business opportunities and handholding suppliers to be able to succeed in a competitive landscape. Each manufacturing partner on the platform has already received an average of Rs.25+ lakh of manufacturing RFQ’s, and is going to get better", said Arun.
Continuing this endeavor, the company uses the power of data and analytics to accelerate and improve the journey for various OEMs. Moving forward, the company envisions making manufacturing seamless for every company, whether small or big, with its highly reliable and digitized manufacturing processes.
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