“E-commerce is a powerful means to connect the unconnected to global trade.” - Arancha Gonzalez.
The MonsoonSIM business simulation and gamification education platform is a convenient and effective tool to enhance education and simplify teachings within a classroom to make it easier to teach. As a cloud-based ERP simulation and experiential learning software platform, MonsoonSIM’s interactive platform helps teachers play the role of facilitators in their students’ learning process.
To learn more about MonsoonSIM, watch this video.
About Enterprise Resource Planning (ERP) for Beginners.
ERP 107 is one of the 14-part Micro-course in the Introduction to Enterprise Resource Planning (ERP) to Business Students course series. Check out this page for an overview of the 14-part ERP Micro-Course series.
ERP 107: Simple E-Commerce Business
In ERP 107 (E-Commerce Business 1), the business departments involved include Finance, E-commerce and Logistics/Warehouse. Essentially, in this module, learners will be able to conduct web selling (web SO), web buying (web PO), understand how to post to sell and post to buy, know more about escrow payments and performance ratings, as well as manage stock allocation for web SO.
The main learning goals of this module include deepening one’s understanding of:
1. Web selling (web sales order)
2. Web buying (web purchase order)
3. Post to sell
4. Post to buy
5. Escrow payments
6. Performance ratings
7. Stock allocation for web sales order
Other opportunities provided in this module that can be a focus point for deeper analysis and reflection for learners include balancing how much to buy and to sell, the shipping details to and from stores, and how to get good ratings in e-commerce. Furthermore, from the logistics/warehouse perspective, learners will understand the effect of late or timely delivery and the shipping fees involved.
Lastly, for the finance department, students can learn more about escrow payments and escrow refund in the case of failed deliveries. Altogether, students will be able to search e-commerce buyers and sellers, post to buy or sell to e-commerce web market, checking and fulfilling web sales order and web purchase order, and see the e-commerce micro chart.
Through module 107, learners can take the time and effort to learn about allocating stocks from different locations and also manage the performance ratings.
Simply put, the ERP 107 module provides a valuable educational experience for learners, who will learn about basic e-commerce strategy, cover the basics of procurement and also tackle a rudimentary understanding of financial reports. 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.
MonsoonSIM’s business simulation and gamification education platform offers 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.
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