Germany’s Otto uses AI to order inventory.
Managing inventory efficiently is a challenge that each retailer (and wholesaler) must figure out how to work through. Managing a broad assortment of inventory gets really hard for a team of humans. Otto has applied AI to automatically order over 200,000 items a month from its suppliers without human intervention. “Overall, the surplus stock that Otto must hold has declined by a fifth. The new AI system has reduced product returns by more than 2m items a year.” | learn more