CHICAGO — Today’s supply chains are under immense pressure to evolve as companies strive to simultaneously enhance service while lowering total cost-to-serve and improve returns – all while mitigating enterprise risk.
This challenge is intensified by growing operational complexity, frequent market disruptions and rising supply chain costs. In response, Grant Thornton LLP has teamed with LLamasoft, an AI-powered supply chain analytics software company.
Grant Thornton and LLamasoft expect the move to help clients better realize their business objectives in two ways: By tapping into Grant Thornton’s extensive consulting experience in supply chain transformation, and by delivering the benefits of LLamasoft’s optimization technology, AI capabilities and other advanced algorithms.
“Countless supply chain variables affect business performance through complex interactions, and it’s common for business leaders to feel as though they’re unable to get rapid intelligence from their operational data,” said Ben YoKell, Business Consulting managing director and West region Supply Chain practice leader at Grant Thornton. “Grant Thornton’s alliance with LLamasoft will help supply chain organizations deliver increased value to the enterprise by accelerating the translation of supply chain data into smarter strategic, tactical and operational decisions.”
The alliance announcement comes on the heels of LLamasoft’s launch of llama.ai, an AI-powered enterprise-scale decision platform. llama.ai combines a trio of analytic capabilities – including a digital twin model, algorithm library and an app studio. Clients will now be able to pair the decisioning platform with Grant Thornton’s deep supply chain and operational business acumen.
"In today’s fiercely competitive economy, it’s important for leaders to get a complete end-to-end view of their supply chain so they can identify weaknesses and capitalize on opportunities," said Bob McFarland, EVP of Sales and Marketing for LLamasoft. "Working with Grant Thornton means we can help clients nail their supply chain goals in more strategic and powerful ways across the organization.”
For more information about Grant Thornton’s operations transformation offerings, including supply chain solutions, visit: www.grantthornton.com/operations-transformation.
About Grant Thornton
“Grant Thornton” is the brand for two professional-services entities: Grant Thornton LLP, a licensed, certified public accounting (CPA) firm that provides audit and assurance services ― and Grant Thornton Advisors LLC (not a licensed CPA firm), which exclusively provides non-attest offerings, including tax and advisory services. With revenues of $2.4 billion for the fiscal year that ended July 31, 2023, and dozens of offices nationwide, Grant Thornton represents a community of almost 10,000 problem solvers, relationship builders, and industry specialists who know that how we serve matters as much as what we do.
Grant Thornton LLP, Grant Thornton Advisors LLC and their respective subsidiaries operate as an alternative practice structure (APS). The APS conforms with applicable laws, regulations and professional standards, including those from the American Institute of Certified Public Accountants.
Grant Thornton LLP and Grant Thornton Advisors LLC serve as the U.S. member firms of the Grant Thornton International Ltd (GTIL) network. GTIL and its member firms are not a worldwide partnership and all member firms are separate legal entities. Member firms deliver all services; GTIL does not provide services to clients.
Contact:
Adam Bond
Grant Thornton
Adam Bond
Chicago, Illinois
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