
Liquidation and Auction Management System
Hummingbird™ Key Features
Hummingbird™ contains all the core components to design and implement world-class liquidation and auction management platform. A major telecommunications carrier uses Hummingbird™ to sell over a billion dollars of smartphones every year.

Scaleability
Process $100s of millions of inventory annually.

Business Intelligence
Provide a 360-degree real-time view of every aspect of the business.

Smart Lot
Create ideal lots, including configuration, sizing, starting bids, and reserve pricing, leveraging AI and past results.

Smart Listing
Publish lots, 3rd party B2B, B2C, and Seller-operated listing platforms. Monitor auction lots across multiple 3rd party market sites and geographies.

Direct Buy
Establish private sales with pre-approved vendors (eliminating unnecessary fees).

Exceptions and Disputes
Systematically manage exceptions and disputes with an online portal and automated workflow.
How Midas Improve Modern RL Operations
Master Data Management
Integration with Supply Chain Management Systems
Business Intelligence and Analytics
Text Heavy With Callout Module
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Retail Price
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Future Price
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Current Auction
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Price Grade
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Inventory On-Hand
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New Cost
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Auction Fees
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Repair Costs
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Repair Time
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Repair Yield
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WIP Carrying Cost
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Blacklist
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Device Locked
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Carrier Check

Midas’s MVE provides alternatives
Alternative #1:
Alternative #2:
Alternative #3:
Are you making the right decision every time?
Hummingbird Workflow
Hummingbird™ Core Capabilities
These capabilities are the core vision for Hummingbird™, the AI-based Auction Management System (AMS) designed for revenue mining. The system manages the intricacies and challenges of managing seller-side auction processes at scale.

Dynamic Auction Dashboards and KPIs

Predictive Analytics “What If” Analysis

Intelligent Lot Creation and Pricing (AI-Powered)

Product Reputation Analysis
(AI-
Powered)

Dynamic Auction Scheduling
(AI-
Powered)

Unified Order Management and Tracking

Create Private Sales (Direct Buy)

Ability to Publish to multiple Auction Providers

API Integration to Warehouse Management System (WMS) and ERP

Auction Manager’s Dashboard

Exception Management
Hummingbird™ 5 Day Challenge
Phoenix offers a free Hummingbird™ 5-Day Challenge, where we provide strategic consulting on our dime. We document your current environment and highlight process areas where Hummingbird™ can add value through ideal lot creation and pricing, resulting in higher revenue. Phoenix will create a Roadmap that includes a phased approach to implement Hummingbird™ in your business. We believe that success breeds success – our system is designed to deliver meaningful value to the customer in as little as three months. At the end of the 5 Day Challenge, Phoenix will present the Hummingbird™ Roadmap results, including:
Hummingbird™ 5 Day Challenge Outline:
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Review Environment, Current Liquidation and Auction Processes, and integration with primary SCM Systems.
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Review Auction Lot Creation, Pricing, and Scheduling.
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Opportunities for Direct Sales.
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Understanding Current Business Challenges.
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Develop a list of 10 Top Process Enhancement Opportunities.
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Develop a Phased Implementation Approach: Milestones, Timelines, and Costs.
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Return on Investment (ROI) Estimates.
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Cost Proposal to Get Started.
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Presentation and Recommendations to Executive Stakeholders.

Download the Whitepaper
Learn how Hummingbird™ can help your business. We strive to assist our customers when it comes to installation and working with your product. Contact us to inquire further about our licensing, support, and cost models.