OFS’s Australian-built generative AI already improving the figures in manufacturing
Australian-built generative AI software trialled by iconic American confectionery company Tootsie Roll could provide hundreds of millions of dollars in savings to the manufacturing industry. The software includes real-time insights that facilitate a greater connection between the C-suite and operational teams.
Australian manufacturing efficiency software company OFS has launched Mayvn AI, a first-of-its-kind artificial intelligence platform designed to improve productivity and strengthen communication between manufacturing executives and operational teams.
The Australian-designed and engineered software, Mayvn AI, offers real-time information and insights into what’s happening operationally in manufacturing facilities. This can encompass current issues delaying production all the way through to preparing a business case for capital investment and the related return on investment (ROI).
Mayvn AI has been trialled with major Australian and global manufacturers, including the iconic US confectionery maker Tootsie Roll Industries, which has reduced specific data-related procedures by over 90%.
“There are things we ‘knew’ were a problem, but Mayvn AI validates and quickly provides us with data to effectively demonstrate the impact of those problems,” said Eric Bader, Manufacturing Systems Manager at Tootsie Roll Industries.
“We’ve seen all levels of our team use Mayvn from our COO to VPs right through to the factory floor. The speed at which it can give us concrete, actionable data and its prompting suggestions to dive deeper into that have been particularly useful. It also supports our wider vision to leverage data mining and analysis to improve our operations.”
Bridging the gap with AI-powered insights
“Times have changed; business leaders today face an overwhelming amount of information from multiple functions—finance, operations, supply chain, compliance, and beyond,” said OFS CEO James Magee. “They are time-poor, constantly making high-stakes decisions, and determining where best to focus their attention. The pressures of leadership can make it difficult to step away from strategy and spend quality time on the factory floor.
“The reality is that most manufacturing executives lack adequate visibility into what’s occurring in their factories. Various factors mean many don’t spend as much time as they’d like visiting, and when they do, they are rarely equipped with the necessary information to engage in meaningful conversations with those responsible for running them. This includes the workers on the front line who operate the production lines every day.”
“We know from experience that the more people engage in conversations about operational performance, the more likely it is that overall engagement will increase, leading to improvements in both performance and profits. The impact is significantly greater when engagement begins at the very top. Mayvn AI takes this a step further by allowing executives to question how much the faulty flow wrapper is costing the business, if there’s a return on investment for replacing it, and even to identify the necessary capital investment.”
Magee also states that this type of AI innovation will support the Government’s Future Made in Australia plan aimed at strengthening Australia’s manufacturing in sectors like renewable energy, industrial innovation, and technology.
“Reinvigorating such a globally competitive industry can’t happen without modern technologies, and it certainly can’t happen without complete alignment between the boardroom and the manufacturing floor,” he said.
Mayvn AI has a global patent pending focused on how OFS has utilised new manufacturing-based data models, significantly enhancing the quality of the insights delivered.
Following its successful trials with Australian and US manufacturers, the Melbourne-founded company will also launch Mayvn AI further afield as part of its expanding international business, including in the UK, Asia-Pacific, and its new Latin American headquarters set to open in Argentina later this year.
The OFS software Mayvn AI is now available for deployment. It places the performance data of thousands of manufacturing lines across 29 countries front and centre for operators, supervisors, and managers. Asahi Beverages, Dulux, Bega, nudie, AstraZeneca, Twinings, Electrolux, and many other well-known brands depend on OFS to efficiently produce and package their products.