Facilitator configurable parameters are
- Demand, allow posting to sell, allow posting to buy
MonsoonSIM's E-commerce module offers a comprehensive operating model that empowers learners to engage in realistic online buying and selling experiences. Let's explore the key features of this module:
For Buyers:
Seamless Item Selection:
- Browse and explore the items available for sale in the Web Market. Simply click "Web Market" to access a wide range of products.
Initiating Purchases:
- When you find the desired item, click "We Buy" to initiate the purchase process. Specify the destination for the goods and trigger a Purchase Order
Escrow Account:
- When a web-buyer makes a purchase, the funds are securely held in an Escrow account, controlled by the web market. This ensures that the buyer's payment is protected until the order is successfully fulfilled.
Delivery and Rating:
- Sellers are expected to deliver the items within the promised timeframe. Upon receiving the goods, the system automatically assigns a rating to the seller based on their delivery time. Ratings range from 0 to 5 stars, reflecting the timeliness of the delivery.
Ratings and Control:
- As a buyer, you have no direct control over the rating process. The system assigns ratings based on delivery performance, ensuring a fair and objective evaluation.
For Sellers:
Listing Items for Sale:
- Access the Web Market and list the items you want to sell. Set the selling price, estimated delivery time, and other relevant details. Your listings will be visible in the seller section.
Sales Order Management:
- Upon receiving a purchase request, the system triggers a Sales Order. Allocate the goods accordingly and commit to delivering them within the agreed timeframe.
Delivery and Rating:
- Timely delivery is crucial for maintaining a positive seller rating. If the goods arrive late, the system assigns a rating using a 5-star system. The seller's performance is evaluated objectively and fairly.
Becoming a Web Market Seller:
- To become a seller in the Web Market, search for a product you want to sell and explore available offers from buyers. You can also post your own items for sale, setting the selling price, estimated delivery time, and other relevant details.
Additional Features:
Order Cancellation:
- If the buyer experiences bankruptcy or fails to make the payment within a specified timeframe, the Sales Order will be automatically canceled. Similarly, if the seller neglects the accepted order for too long, the system cancels it.
Transparent Ratings:
- The seller's star rating, based on previous successful transactions, is visible to buyers. This rating serves as a reference when making purchase decisions, ensuring transparency and informed choices.
MonsoonSIM's E-commerce module immerses learners in realistic online buying and selling scenarios, fostering critical skills in supply chain management, timely delivery, and customer satisfaction. Embrace this transformative learning experience and unlock your potential in the world of e-commerce.
Note: The complexity of this module is configurable by the facilitator. It is recommended to start with the default configuration and gradually increase the complexity as the facilitator sees fit. This allows for a customizable learning experience tailored to the participants' needs and skill levels.
Our Other Modules
All our MonsoonSIM modules are intricately interconnected, offering a cohesive simulation experience that mirrors the dynamic interplay of real-world business departments and functions.
