midas

A Value-Driven Reverse Logistics Solution

Configurable workflow, real-time data, and analytics to optimize your reverse logistics process and maximize revenue opportunities.

Reverse Logistics Operations

Implement a World - Class Reverse Logistics Operations

Midas® is a Software as a Service (SaaS) product. The system considers all of your available products, item conditions, and process data to make the best real-time decisions. Midas® provides end-to-end business intelligence (BI) to optimize your processes for 360- degree visibility into the business.

Master Data Management

Integration with Supply Chain Management Systems

Business Intelligence and Analytics

Reverse Logistics Operations

How Midas Improve Modern RL Operations

The Midas Value Engine (MVE) determines and compares the business value of each alternative disposition to determine the highest residual value. The MVE calculates value using all available information about the device, its condition, the demand, repair cost, current inventory, and expected future pricing in the secondary markets through predictive analytics.​

Master Data Management

The Master Data Management module of MIDAS helps you manage all system configurations in one place. You can do Return Quality Testing, Item Master List, Search Products Details, Vendor Management, Planning and Allocation, Valuation Calculations and various other activities. Price List Section allows you to list cost of for Remanufacturing, Restoration and Salvage per product.

Integration with Supply Chain Management Systems

MVE is tightly integrated with the global data stored in the MDM. MVE calculations are also made with real-time data from OEMs, carriers, other 3rd parties, and current auction results. RL Operation Managers can readily configure complex MVE calculations through a rules editor that exposes all available information.​

Business Intelligence and Analytics

Midas contains a full suite of reverse logistics dashboards and analytics that manage and optimize the reverse process. It provides you quad vision via Descriptive, Diagnostic, Predictive, and Prescriptive Analytics.
Midas does the math

How Midas® Improves Modern RL Operations

The Midas® Value Engine (MVE) determines and compares the business value of each alternative disposition to determine the highest residual value. The MVE calculates value using all available information about the device, its condition, demand, repair cost, current inventory, and expected future pricing in the secondary markets through predictive analytics.​

Midas® Value Engine (MVE)

Compares the business value of each alternative disposition to determine the highest residual value.

Midas® considers 1000s of product, device, and process variables:

  • Retail Price
  • Future Price
  • Current Auction
  • Price Grade
  • Inventory On- Hand
  • New Cost
  • Auction Fees
  • Repair Costs
  • Repair Time
  •    Repair Yield
  •    WIP Carrying Cost
  • Blacklist
  • Device Locked 
  • Carrier Check 

Midas®’s MVE provides alternatives.

Alternative #1:

Do nothing. Auction the device immediately. Consider any factors that would limit resale value. Realize immediate cash flow without any additional handling.

Alternative #2:

Make minor repairs. Consider the age and overall condition of the device. Realize additional residual value routing the device to repair.

Alternative #3:

Remanufacture. Consider the Turn-Around-Time (TAT) and Yield. Rebuild the device to realize the maximum resale value.

Are you making the right decision every time?

Leverage MIDAS with our fully Automated Pod Solution

Let Automation run the show

Leverages Midas with advanced robotics solutions available from Griffyn Robotech, a sister company to Phoenix Innovations.

Midas® 5 Day Challenge

Phoenix offers a FREE Midas® 5 Day Challenge, where we provide strategic consulting on our dime. We document your current environment and highlight process areas where Midas® can add value through increased throughput and a higher residual value of returned products. Phoenix will create a Roadmap that includes a phased approach to implement Midas and Business Intelligence (BI). We believe that success breeds success – our system is designed to deliver meaningful value to the customer in as little as three months.

Midas® 5 Day Challenge Outline:

  • Review Data Quality and Master Data Management residual value of your returns.
  • Understand Current Business Challenges.
  • Develop a list of 10 Top Process Enhancement Opportunities.
  • Develop a Phased Implementation Approach: Milestones, Timelines, and Costs.
  • Return on Investment (ROI) Estimates.
  • Cost Proposal to Get Started.
  • Presentation and Recommendations to Executive Stakeholders.

Download the Whitepaper

Learn how Midas® can help your business. Our team will help you with installation assistance, troubleshooting, and general guidance that helps enhance users’ experience using our product. Reach out to us by email or phone anytime to learn more about license & support pricing.

Let us help you turn those returns into revenue!

Book a Consultation