B. Robin
Matium, Inc.,
United States
Keywords: recycling, efficiency, raw materials, less man power, AI
Summary:
Matium is maturing a SaaS application for the manufacturing industry in order to standardize material management and automate transactions within supply chains with a focus on any raw/recycled material/commodity. This includes creating a suite of products to, identify and track material, match material needs with feedstocks using proprietary algorithms, analyze supply chain metrics at both company and industry scopes, and automate and host documentation of transactions on a singular interface. Matium allows companies to handle more volume of business with the same or less manpower. Matium will be a singular interface that provides synergy between suppliers, distributors, and buyers. The current business process of moving material is non-standardized. Buyers and suppliers interact through bulky emails, phone calls, Excel spreadsheets, and a diverse selection of enterprise resource planning (ERP) systems. This creates bottlenecks in material movement. Currently in this economic landscape, capital investments in infrastructure/manufacturing are expanding while labor markets are short. Matium is specifically designing software to minimize the amount of human work needed to manage movement of materials at scale. Matium positions itself in the plastics raw materials market. More specifically its path begins in the post industrial recycled market offering value to manufacturers, recyclers, reprocessors, and brokers. Matium sells itself as a commerce tool to these customers to purposefully increase flow of business, reduce material mistakes that cause costly rejections, and relieve buyers of stress in sourcing so that they can focus on managing their internal processes and sales. Matium is training the most advanced and promising AI for decreasing the barrier to entry to and the waste created within the supply chain which is going to make recycling a profitable and sustainable venture. Technology has a tendency to illicit fear due to its tendency to displace workforces. For certain industries that may be the case but no consumer is paying the supply chain to print and record BOL’s. In process engineering, this is called non-value add work. In order to survive and grow in the future AI-enabled economic landscape, brick and mortar organizations will compete on throughput. This will require transferring spend from OpEx to CapEx. Humans will not be replaced, but rather the pool of economically viable transactions will grow and with this humans will be required to generate more product per unit of work. This means spending less time on back office and front office, and more on production. It will be wise to focus on simplifying processes within organization to be nimble enough to adjust as the market does. Matium doesn't have all the answers but is here to advise, serve, and partner with the folks to collaborate. The world will either get better or worse, the independent variable is us. Simply put, Matium is revolutionizing the pre-manufacturing supply chain to reduce transaction time and cost which will drive down what the end-user has to pay. As the industry accepts Matium, the American economy is strengthened and inflation is combatted.