Your contribution can guide someone’s learning journey. Share your
documents today.
Assignment on ERP Simulation Game Introduction The assignment is a reflection of experience gathered in simulation game held today in relation to business process. The assignment generally answers 8 questions: Analysis of performance The performance of the team has been quite satisfying over the three rounds of the game. The said fact is evident from the profit and loss account and balance sheet of the company which has shown a development each round by a very good percentage. All the key component of the balance sheet has shown a great spike including Current Asset, Equity, Long term asset etc. Further, expenses and liabilities of the company has also increased over the rounds as interest expense showed surge, liabilities have increased by substantial amount over the three week period so is the marketing expenses and other allied expenses of the organisation. The value of the company has also spiked over the rounds of the game despite heavy competition from the other teams. Some products in the fold of the company has shown very promising results namely product 11 to 16 while product 1 to 6 has been stable over the period. Thus, in short, the results of the team is satisfying and it may be stated that team has played well and took good strategic decision. Question 1 Describe the game and related business process Answer 1 The game consisted of three rounds involving decision making of key elements of business wherein our team was required to take fundamental decisions of the business considering the competitors response. Further, the ERP simulation game related to distribution of water in a specific country. There were range of products along with different packaging size to be marketed. The following details were required to be estimated: (a)Creation of purchase order; (b)Forecasting sales; (c)Planning of marketing expense; (d)Pricing; (e)Computation of requirements etc. Question 2 Describe the team experience Answer 2
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
The team experience has been unique as they experienced a real life experience of impact of decision variables on balance sheet, profit and loss account, cash flows etc. The process and game help them to understand that how each factor plays a crucial role in decision making. Further, how you need to be active and agile in a market otherwise competitors will dwindle your reserves and funds. Question 3 What did you like the most about your game experience today Answer 3 To be frank, the most liked part of the game was our good performance from round 1 to 3 which is apt from the profit and loss account and balance sheet of company. Our excellent performance in the game was the motivating factor too take further quick and good steps to reach such revenue. Question 4 What did you like the least about your experience today Answer 4 The least liked part of the game experience was the shortness of time which did not allow us to apply all that we have learnt in our courses. The brevity of time has initiated us to take certain actions which would have been better based on our knowledge of the subject matter. Thus, I believe the least liked part was the time brevity.(Léger, 2013) Question 5 With your knowledge of the game what could have been done differently Answer 5 If I had previous knowledge of the game, the action that I would have taken was more informed decision making which would have outperformed my financials. Further, I would have set the price initially low and raised it as per market demand. Further, I would have taken more informed decisions.(Léger P.-M. C., 2012) Question 6 What did you like the most about your game experience today? Answer 6 To be frank, the most liked part of the game was our good performance from round 1 to 3 which is apt from the profit and loss account and balance sheet of company. Our excellent performance in the game was the motivating factor too take further quick and good steps to reach such revenue.(Comparing Objective Measures and Perceptions of Cognitive Learning in an ERP Simulation Game, 2020) Question 7 What additional knowledge or skills would have helped you play the game today
Answer 7 Additional skills regarding time management, quick and informed decision and better agility could have been the game changer and would have contributed further to our performance and excellent results in the given time space and rounds. Further, the skills of team bonding and allocation of role among each member based on unique persona of individual would have added to the performance and efficiency of the business process.(Caya, 2014) Question 8 What skills/learning edges could you take away from playing the game today? Answer 8 The skills/learning edges that I have taken away from playing the game today encompass team management, team bonding, time management, informed decision, agileness and how a single variable could be the game changer in the real life scenario. References Caya, O. L.-M. (2014). Integrating, sharing, and sourcing knowledge in an ERP usage context. Knowledge Management Research & Practice,. Comparing Objective Measures and Perceptions of Cognitive Learning in an ERP Simulation Game. (2020, April 14). Retrieved from journals.sagepub.com: https://journals.sagepub.com/doi/abs/10.1177/1046878111433783 Léger, P.-M. C. (2012). Authentic OM problem solving in ERP context .International Journal of Production and Operations Management. Léger, P.-M. L. (2013). Scope Management: A Core Information System Implementation Project Pedagogy.nternational Education Studies.