The MIDAS System for Automated Supply Chain Management

Inventory carrying costs represent a considerable portion of business logistics costs for manufacturing, and include the costs of interest, taxes, obsolescence, depreciation, insurance, and warehousing. Using an automated supply chain management system, these business logistics costs, particularly the inventory carrying costs and the logistics administration costs, can be reduced. The MIDAS system is an automated supply chain management system based on the Service Oriented Architecture and Web Services that reduces these costs, resulting in a more efficient supply chain. MIDAS is intended to create an environment for customers, manufacturers, and suppliers to cooperate, and is designed to achieve greater efficiency on both the customer/manufacturer side and the manufacturer/supplier side. It aims to eliminate or reduce substantially human intervention, thus yielding a more efficient supply chain.