“Continuous improvement is better than delayed perfection.” – Mark Twain.
Manufacturing covers a broad array of activities and processes that convert raw materials (inputs) into finished goods (outputs), adding value to it through machinery, labour, tools and more. As an essential secondary sector of the economy, learning about manufacturing’s role in business is both relevant and necessary.
True to MonsoonSIM’s dedication of facilitating the experiential learning journey for students worldwide, the cloud-based ERP simulation platform offers the opportunity to learn more about manufacturing through its ERP 108 module.
The ERP 108 module is one of the 14 modules found in MonsoonSIM’s curriculum roadmap. Given that MonsoonSIM’s core mission is more to teach and easier to teach, it comes to no surprise that the curriculum roadmap has been carefully crafted to meet the education standards and learning checkpoints of esteemed universities and schools worldwide.
Aptly referred to as Basic Manufacturing Process 1, the ERP 108 module covers various production concepts, among them raw materials, machine cost and capacity, machine depreciation, machine space usage, procurement of raw materials, cost of finished goods after production, daily production monitoring, production priorities and more.
Discover the relation between raw materials and bill of materials, the warehouse area consumed by machinery and raw materials, the different models of machinery depreciation (such as straight-line model), and more!
In this module, besides covering the lessons learnt in the previous ERP modules, which entail subjects such as Finance, Procurement, and Logistics/Warehouse, learners will explore and have a deeper understanding of the production processes itself. Essentially, learners will observe and gain insights into what it takes to set up production locations, make decisions on machinery purchases, utilization and its daily production capacity, and consider the financial aspects of it all through cashflow and cost of goods sold analysis.
As a learner of the ERP 108 module, it is the perfect opportunity to acquire knowledge and develop skills. If one has ever wondered about the activities and decisions that drive renting warehouses, procuring machinery and raw materials, changing production priority, machinery disposal processes, and production reports, then this is the module for you.
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. Offering 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!