“The true entrepreneur is a doer. Not a dreamer.” – Nolan Bushnell.
MonsoonSIM, as a cloud-based ERP simulation and experiential learning software platform, wraps up business concepts and theories spanning over thirteen interconnected business departments comprehensively into one convenient platform.
Giving teachers and facilitators the ability and freedom to configure the business simulation world, the experiential learning journey for each and every student facilitated by MonsoonSIM is tailored to suit the particular curriculum of the university and educational institution.
To learn more about MonsoonSIM, watch this video
About Enterprise Resource Planning (ERP) for Beginners.
ERP 101 is one of the 14-part Micro-course in the Introduction to Enterprise Resource Planning (ERP) to Business Students course series. Check out this page for an overview of the 14-part ERP Micro-Course series
ERP 101: Retail Business 1
In ERP 101 (Retail Business 1), the business departments involved include Finance, Procurement, and Retail Sales. Essentially, in this module, learners will be able to rent a retail store, change the size and contract of the retail store, procure finished goods products, and make PO approvals. Moreover, learners can also see all financial reports (among them the Profit and Loss, Balance Sheet, and Trial Balance) and also all retail sales transactions per product per day per location. Lastly, learners have access to all micro charts in the main KPI box for finance (overheads, profit, and loss, cash on hand, average cost, operating ratio) and for retail (area utilized, price, units sold, sales, unit remain).
In this module, the main learning goals are for learners to be able to:
1. Rent a retail store
2. Change the size and contract of the retail store
3. Procure finished goods products
4. Make PO approvals
To put it simply, the ERP 101 module provides a valuable educational experience for learners, who will learn about basic retail strategy, cover the basics of procurement and also tackle a rudimentary understanding of financial reports. MonsoonSIM’s immersive business simulation and gamification education platform ensure that learners and teachers alike will have an enjoyable and meaningful learning experience as a class.
MonsoonSIM’s business simulation and gamification education platform offers a unique, experiential learning opportunity for students and transforms the way business concepts are taught in class. MonsoonSIM looks forward to supporting more students worldwide in a way where there’s more to learn, easier to learn.