LLamasoft Joins MIT Center for Transportation and Logistics Supply Chain Exchange Consortium as Strategic Member
The World’s Top Thinkers Come Together to Assess the Impact COVID-19 has on Supply Chains, Mitigating Risk and Building Resiliency and Making Analytics-Based Decisions to Gain a Competitive Advantage
ANN ARBOR, Mich.–(BUSINESS WIRE)–LLamasoft, the leading provider of AI-powered supply chain analytics software to the world’s leading brands is proud to announce its collaboration with the Massachusetts Institute of Technology’s Center for Transportation and Logistics (MIT CTL). LLamasoft will be collaborating with MIT CTL top thinkers who conduct pioneering research to develop decision-making frameworks and data-driven tools to support complex supply chain management challenges, such as planning amidst the COVID-19 supply chain disruption and designing appropriate risk mitigation and resilience strategies for the future.
Through this membership, LLamasoft will offer a full certification program for students in MIT CTL’s Master of Supply Chain Management beginning in 2021. This expands upon LLamasoft’s current supply chain certification program which is available through 13 universities. To date, more than 3,100 students have engaged with LLamasoft’s solutions through academic programs in universities around the world, and with a current increase in demand for supply chain professionals, the program continues to grow rapidly.
“The pace at which businesses are required to adapt means most supply chains are under pressure to evolve. The groundbreaking work that is being done at MIT CTL will have a profound effect on the future of supply chain management,” said Razat Gaurav, CEO of LLamasoft. “Through this agreement, LLamasoft strengthens its ability to be at the forefront of advanced research in decision-making. Our relationships with thought leaders at MIT, such as Prof. Yossi Sheffi, allow us to tap into this deep expertise and offer our customers the opportunity to engage in immersive experiences, see the power of leading-edge technologies including artificial intelligence and benefit from the latest advances in organizational and cognitive sciences to develop an analytics-based decision-making competency for their organizations. This collaboration comes at the exact time that many executives at multi-national corporations are working to drive these transformational initiatives.”
Through this exchange, LLamasoft will participate in the following:
- LLamasoft and MIT CTL joint research focused on future-proof, analytics-driven supply chain design and planning approaches. In light of the substantial risks exposed by COVID-19, the initial research will put a particular emphasis on risk mitigation strategies and on designing supply chains for resilience. These joint research projects will continue throughout the collaboration and leverage an analytics-based decision-making framework that contains insights from a cognitive science perspective.
- Guided sessions using CTL’s Computational and Visual Education (CAVE) Lab providing immersive hands-on experiences, where executives work in cross-functional teams using interactive visualization to analyze complex supply chain data to improve decision making for supply chain and logistics challenges.
- Virtual sessions leveraging MIT CTL and LLamasoft frameworks for enhanced analytics-based decision-making in the supply chain, to help business executive teams at a company support complex decision-making.
- Insights from MIT CTL pioneering research integrating artificial intelligence, organizational and cognitive sciences around new supply chain design paradigms. This interdisciplinary research effort establishes novel, cross-functional supply chain planning frameworks focused on value-creation and agility, and explores how to engage multiple stakeholders, including C-level executives, in a continuous design process aligned with corporate strategy.
- Join immersive hands-on experiences and simulations with emerging technologies, such as AI and machine learning, to support the rapid and data-driven decision-making needed today.
“We are thrilled to collaborate with LLamasoft and welcome them to experience our CAVE lab and to support our research on new approaches to supply chain design and decision-making under uncertainty. For now, we will interact virtually, and we look forward to welcoming them to the MIT campus when possible. It’s an extraordinary environment where executives can gain a more intuitive understanding of, and access to, quantitative methods to support strategic design, tactical planning and operational problems in the supply chain and logistics domain,” said Dr. Yossi Sheffi, Elisha Gray II Professor, Engineering Systems at MIT, and Director of MIT Center for Transportation & Logistics. “LLamasoft customers will join their peers and MIT researchers using interactive visual interfaces to data and analytical tools so they can jointly discuss and design the supply chains that are needed for the future – agile and resilient.”
For more information about the program and this immersive executive experience, please visit this website https://llamasoft.com/mit-ctl-partnership/. To find out more about LLamasoft’s learning experiences and certification program, please visit this website https://llamasoft.com/company/services/training/.
About LLamasoft, Inc.
LLamasoft delivers the science behind supply chain decisions at the world’s leading brands. Over 750 of the world’s most innovative companies rely on LLamasoft to design operational strategies to achieve profitability and growth goals. Powered by AI and advanced analytics, LLamasoft’s enterprise decision platform enables business leaders solve problems in new ways and make smarter decisions faster as their business and operating models change. With a true digital twin of the extended supply chain, LLamasoft deploys decision solutions through enterprise-ready applications and an extensible no-code App Studio that enables LLamasoft or its customers to rapidly build their own business applications. Its customers have identified more than $16B in value leveraging insights from LLamasoft’s solutions. And to reach its goal to positively impact 100 million lives by 2022, LLamasoft partners with humanitarian organizations, government entities and the World Economic Forum to design and optimize health supply chains.
About MIT Center for Transportation & Logistics
Launched in 1973, the MIT Center for Transportation & Logistics (CTL) is a dynamic solutions-oriented environment where students, faculty, and industry leaders pool their knowledge and experience to advance supply chain education and research. Through their Global Supply Chain and Logistics Excellence (SCALE) Network, they possess an international network of six centers of excellence, over 80 researchers and faculty members from multiple disciplines, and more than 150 corporate partnerships.
About CAVE Lab
Launched in 2018 at MIT, the CAVE lab provides students, researchers, and decision makers with a more intuitive understanding of and access to quantitative methods to support strategic design, tactical planning and operational decision problems in the supply chain and logistics domain and related fields. Based on a newly created physical lab space at MIT CTL equipped with state-of-the-art visualization technology, the lab is developing interactive visual interfaces to data and analytical tools, addressing complex supply chain and logistics problems.