I think all undergraduate and graduate programs should considering adding courses like this because it gives students a glimpse of what it is like in the industry. My first job out of college as a R&D technical for a regenerative medicine company and I had no idea what design controls were, process validation or the various job opportunities. I entered my current position completely blind. There is a good amount of on the job training, but I believe more courses like this would expose students to concepts and common terms.
I am currently working as a manufacturing engineer and I still found this course valuable. The simulations conducted also add to the value of the course. Some of simulations were not directly in line with my daily job responsibilities so I was challenged to think outside of the box and exposure to other opportunities within the industry.