Procurement and Inventory Management
business simulation
For whom is this course?
Undergraduate and graduate students in
Business and Engineering/Production Management
Procurement and inventory management
is for courses that aim
to establish
understanding of how suppliers' decisions affect inventory management
Learning Outcomes
- Component purchase prices,
- Component purchase lot sizes,
- Delivery times,
- Supplier delivery accuracy (delivery precision),
- Component delivery costs,
- Inventory carrying cost,
- Sufficient inventory levels / safety stocks,
- Waste from inventory, and
- Costs from inventories.
During the simulation the learners gain understanding of the following concepts:
In teams of 3-4 participants,
students manage their simulation companies.
Aim is to foster data-driven decisions that allow to organise inventory management efficiently
The real-time processed RealGame simulation allows students to immediately see the effects of each action on the entire supply chain.
Gaming time - 3-4 sessions
The simulation can be 2-4 ECTS
Simulation model in use: RealGame Procurement
Four Reasons Why You Should Choose RealGame Business Simulation For Your Course
1) Other educators recommend RealGame
Students have been more engaged in learning than with other online classes. Student feedback has been really positive: RealGame is a great way of learning instead of just having lectures or team assignments on Zoom.
University lecturer in Supply Chain Management
My experiences of learning with RealGame are highly positive. Students really like RealGame – the gaming experience glued a large group of students together, which is was appreciated especially having had online teaching for so long.
University lecturer in Mechanical Engineering
2) RealGame effectiveness is supported by academic research
After RealGame...
62,2 %
of students were able to name more concepts
+50 %
increase in accuracy of concepts
65,5 %
of students described more cause-effect-connections between processes.
Other studies about RealGame
Learning leadership skills in a simulated business environment
Flow framework for analyzing the quality of educational games
The Design Principles for Flow Experience in Educational Games
The effects of computer-simulation game training on participants' opinions on leadership styles
Generating Research Questions from Digital Trace Data: A Machine-Learning Method for Discovering Patterns in a Dynamic Environment
Organizing for collaboration in simulation-based environments: An affordance perspective
Technological, Organisational and Socio-Interactional Affordances in Simulation-Based Collaborative Learning
Decision-Making in a Real-Time Business Simulation Game: Cultural and Demographic Aspects in Small Group Dynamics
3) RealGame boosts positive feedback from students
Thanks to RealGame I realized that team spirit is one of the most important values in business life because it is thanks to it we have succeeded in this game.
Student, LaRochelle University, 2022
During RealGame simulation I have learned the importance of good marketing, product quality, and high enough margins. Also how to manage SCM and that every decision will affect the whole business.
Student, Vaasa UAS, 2022
The game itself offers a lot of different data that players can use to their advantage. This is very helpful.
Student, XAMK, 2022
Definitely the best course during my studies. Playing was really fun and educational at the same time.
Student, Tampere University, 2022
4) Evident Benefits For Both Teachers and Students
Benefits for teachers
Easy-to-use for both teachers and students
RealGame simulations are suitable for both online and classroom teaching
No installation or maintenance needed
Transaction specific and real time operated environment allows to illustrate all theoretical aspects in practice
Comprehensive teaching materials and support
RealGame simulations are based on research and latest pedagogy
Suitable also for very large student groups
Benefits for students
Engaging, efficient and fun!
Collaborative learning in an authentic environment
Illustrates dynamic business processes on a transactional and multi-disciplinary level
Intuitive navigation and versatile learning content
Accessible from anywhere
Boosts communication and collaboration skills through teamwork
Develops concrete work life skills such as project management, EPR systems, management accounting, data analytics, teamwork etc.
