From the Farm to the Frosty
Palantir and Wendy’s Partner on AI and Supply Chain Digitalization
Palantir Technologies Inc. (NYSE: PLTR), a leading provider of AI systems, and Wendy’s Quality Supply Chain Co-op (QSCC) today announced they have partnered to accelerate digital transformation, AI adoption and operational decision making across the Co-op.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807171687/en/
This partnership will bring QSCC towards a fully integrated Supply Chain Network with opportunities for AI-driven, automated workflows as well as a future Wendy’s connected ecosystem of suppliers, distributors and restaurants. The cost savings and efficiencies from transforming QSCC into a digital forward company will benefit all Wendy’s operators it serves. QSCC, the second largest purchasing cooperative in the Quick Service Restaurant (QSR) industry, services Wendy’s more than 6,400 restaurants in the United States and Canada.
At first, QSCC will be moving onto Palantir’s Artificial Intelligence Platform (AIP) to improve the scale and speed of decision-making across the Co-op. The platform is designed to connect disparate data sources into a single common operating picture, enabling both technical and non-technical users to quickly make decisions, evaluate their efficacy, and custom build modular applications.
In a second phase, QSCC will be using Palantir AIP for supply chain management and waste prevention, including Dynamic Inventory Management, Variance and Gain Information for Restaurants, and Demand Deviation and Allocation. Palantir’s software enables organizations to bring the power of large-language models and other cutting-edge AI to their enterprise networks, private data, and core operations - with maximum security and trust - to help generate cost savings and efficiencies across the supply chain.
“Together with Palantir, we’re unlocking the inherent power of the supply chain ecosystem to drive new and compelling sales and operating efficiencies that will provide Wendy’s with a distinctive edge in the industry,” said Pete Suerken, QSCC President and CEO. “The sophisticated and nimble AI-powered planning and fulfillment system we’re developing will serve as the cornerstone for our state-of-the-art interconnected network.”
“We’re proud to partner with Wendy’s QSCC and support the Co-op’s digital transformation for the benefit of restaurant operators, suppliers and distributors alike,” said Ted Mabrey, Head of Global Commercial at Palantir. “Our AI operating system powers many of America’s most important companies, giving them a technology-driven competitive advantage, and we are excited to continue to grow in the QSR sector with this iconic brand and an ambitious vision.”