Manage Business Rules

Business rules are policy inputs that inform the optimizations about business intent, boundaries, and so on. Each type of rule is created for specific purposes (for example, promotion rules, inventory rules) and are grouped into categories of related concepts.

However, the expected business outcomes can’t easily be understood by looking at the pieces (individual rules). Rather, the set of rules that function together must be viewed together to build a complete understanding of the business drivers. This is achieved by grouping rules into Strategies. Strategies are the mechanism to organize rules around business intent.

To help reduce maintenance, rules are re-usable across strategies. Rules are individually maintained in the Rules Library so that all strategies making use of the rule automatically uptake modification.

Alert rules are also defined for specific business purposes. Alert rules are not assigned to strategies as they do not frequently change due to business events.

Strategy & Policy Management can be used to define business rules and create strategy across different applications and functional areas.

Here are the definitions of different terms in Strategies and Rules.

• Rule: Refers to rules and logic that control different processes such as optimization, auto approval, and alerts. The rules are driven by business requirements. Each rule consists of rule criteria and rule value(s).

• Rule criteria: Refers to the conditions that must be satisfied for a rule to take effect.

• Rule value: Refers to the values that are set for different fields applicable to the rule.

• Strategy: A group of rules are referred to as strategy. There are two types of strategy: Default strategy and what-if strategy. Default strategy consists of the rules that are used in the batch runs. What-if strategies can be selected when performing ad-hoc runs from UI.