Here are some of the key business concepts you can selectively configure to teach in MonsoonSIM:
Sales:
- Retail Sales
- Retail Sales in Fast Moving Consumer Goods (FMCG) Industry
- Retail store management
- Retail discounts
- Retail rental management
- Wholesale Sales
- Service Sales
- ECommerce Sales
- Retail Margin
- Wholesale Margin
- Service Margin
- Price Control for Retail
- Price elasticity in products
- Winning bids for Wholesale
- Making deals for Wholesale
- Quoting for Services
- Replenishment strategies for Retail and Wholesale
- Sales Order processing
- Capacity planning for Retail Sales
- Managing stockouts in Retail Sales
- Impact of holidays on Retail Sales
- Retail forecasting
- Customer Loyalty
Procurement:
- Purchase Request and Purchase Order
- Cash purchase
- Future delivery purchase
- Blanket purchase
- Vendor Terms of Payment
- Vendor selection
- Shipping considerations
- Bulk purchase vs. Non-Bulk purchase
- Supplier lead time and reliability
- Sustainability consideration
Marketing:
- Demography consideration
- Marketing media selection
- Marketing investment decisions
- Brand awareness
- Market Intelligence
Logistics:
- Auto replenishment
- Product allocations for sales orders
- Rental management for retail stores and warehouses
- Shipment management among locations
- Calculating shipping costs
- Sustainability consideration
Forecasting:
- Demand forecasting in Retail, Wholesale, and Rentals
- Interest-rate forecasting
- Currency forecasting
Production:
- Machine selection and investment
- Production capacity planning
- Production order processing
- Sustainability consideration
MRP (Material Requirements Planning):
- MRP concepts and execution
- Buffer stock level determination
- Bill of Materials (BOM) concepts
- Production vs. Outsourcing strategy decisions
Maintenance:
- Predictive Maintenance
- Periodic Maintenance
- OEE (Overall Equipment Efficiency) management
- APQ (Availability, Performance, and Quality) management
- Asset breakdown and major repairs
Human Resources:
- Staff personality traits (OCEAN factors)
- Personality matching in recruitment
- Staff counseling and training
- On-the-job training
- Staff dismissal and costs
- Staff transfer and turnover ratio
- Manpower planning for Retail
Service Management:
- Manpower scheduling
- Service Quotation and Request for Quotation
Customer Service:
- Complaint management and its importance
- Relationship between customer complaints and staff index
Sustainability:
- Operating your company with sustainability in consideration
- Consider the environmental impact of your operation in logistics
- Consider the environmental impact of your operation in production
Finance:
- Financial statements (profit and loss, balance sheet, cash flow)
- Loan types (fully amortized, interest-only)
- Loan repayment period
- Credit rating
- Cost of Goods Sold
- Operating Expenses
- Asset Depreciation
- Impact of foreign exchange on purchasing costs
- Cash flow management
- Inventory management
- Trading profit
- Overdraft management
- Bankruptcy
- Accounts Payable and Accounts Receivable
- Balance Sheet and Trial Balance
- Net profit calculation
- Budgeting
- Forex Gain/Loss
- Research and Development
- Integrated Reporting
Relationship between departments:
- Interactions between Finance and other departments
- Interactions between Human Resources and other departments
- Relationships between Sales and Warehouse, Procurement, Production, and Marketing departments
- Relationships between Maintenance and Production, Procurement, and Sales departments
- Relationships between MRP and Sales, Procurement, and Warehouse departments
- Relationships between Customer Service and Sales Department
- Impact of departments on each other's operations (e.g., Maintenance on Production, Human Resources on Warehouse, etc.)
Data Analytics:
- Analyze the data from game results
- Design charts and executive information systems for decision making
- Live access to game data from 3rd party tools such as Tableau, PowerBI, R, Excel
These are just a sample of concepts that provide a comprehensive understanding of various business functions and their interrelationships within an organization.
