MonsoonSIM Preparation Workshop for MERMC 2024 - Retail Category, July 12th, 2024

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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)

Sorry, registration is not open at this time