MonsoonSIM Preparation Workshop for MERMC 2024 - Retail Category, July 5th, 2024

Name: MonsoonSIM Preparation Workshop for MERMC 2024 - Retail Category, July 5th, 2024
Start: +07:00
End: +07:00

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Day: Friday, 5 July 2024 Time: 7 PM Jakarta

INTRODUCING MONSOONSIM PREPARATION WORKSHOP FOR MERMC RETAIL CATEGORY

The MERMC Retail Category is now open to the public for the first time. This is a unique opportunity for institutions that haven't yet subscribed MonsoonSIM server so now every team can participate in this thrilling competition.

The MERMC itself is an annual international competition where students manage virtual enterprises in areas like finance, retail and logistics. Compete for prizes, gain recognition, and enhance your strategic and teamwork abilities in this immersive event.

Basic concept you will learn before the competition:

1. Finance

Accounting concept
Key financial reports
Cash flow
Cost of funds
Integration with other modules

2. Retail Sales

Replenishment
Storage capacity
Rental management
Concept of Price Elasticity
Concept of Market Demand
Integration with Marketing
Integration with Finance
Integration with Logistics

3. Procurement

Purchase requisition
Purchase order
PO tracking
Approval
Integration with MRP
Integration with Finance

4. Marketing

Market survey
Marketing ROI
Effects of marketing on sales
Integrated with Finance
Integration with Sales

5. Forecasting/Planning

Retail forecast
Wholesales forecast
Currency forecast

Workshop details:

Register your team member and team's coach/ lecturer below
Check the Zoom link in your mail inbox or spam folder
Join Zoom on time with a laptop or tablet
Playing MonsoonSIM with a professional official instructor
No need for background experience

About MonsoonSIM

MonsoonSIM is a cloud-based ERP simulation and experiential learning software platform covering thirteen business departments all wrapped into one platform. Teachers can configure business environments as facilitators; train problem-solving skills in a business environment; enhance teaching and learning; and leverage educational technology to improve education. This immersive platform has robots that compete and support the learners as they operate their virtual business. Participants will learn how teachers can become a facilitators teaching complex Business Processes.

If your Institution wants to try a free server, please sign up here: https://www.monsoonsim.com/book_trial.html (Note: for lecturer only)

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