Approach 2: Build Rule

In this approach, the Rule Criteria and Rule Values are created separately and then combined to form a rule as required for a business use case. This provides more flexibility and reduces the need to recreate the same criteria multiple times.

Example Use Case: A retailer wants to apply:

Maximum first markdown of 40%

  • 10% minimum promotion
  • $20,00,000 budget
  • For Women's Activewear brand "Sunset" in the United States Zone until 30/09/2023

Follow these steps for Approach 2:

  1. Under Rules Category -> Pricing Optimization -> Rule Builder. The Rule Criteria screen is opened by default.

    Figure 11-13 Build Rule - Rule Criteria

    Create Markdown Rules screen

  2. Click the Add icon from the Rules Criteria table. Select "Promo/Mkdn with Product Group" criteria and define the Rule Criteria, similar to Approach 1.

    • Merchandise: Department -> Women's Activewear
    • Price Zone: United States
    • Price Zone Group: Primary Zone Group
    • Product Group: Sunset and define the Criteria

  3. Click Rule Value under Rule Builder. Click the Add icon from the Rules Value table. Create the following rule values for the required categories and save them.

    • Budget

      Rule Category -> Promotion/Markdown; Sub Category -> Budget -> Total Budget: $20,00,000

    • Exit Date

      Rule Category -> Promotion/Markdown; Sub Category -> Exit Date -> Set Exit Date: 30/09/2023

    • Promotion

      Rule Category -> Promotion; Sub Category -> Promotion -> Minimum promotion for the first and subsequent promotions: 10%

    Figure 11-14 Create Rule Value - Budget

    Create Rule Value screen

    Figure 11-15 Create Rule Value - Exit Date

    Create Rule Value screen

    Figure 11-16 Create Rule Value - Promotion

    Create Rule Values screen

    Figure 11-17 All Rule Values Created

    Create Rule Values screen

  4. These Rule Criteria and Rule Values can be combined and built to form a rule based on the business scenario.

    For example - to build a rule for Exit Date:

    Navigate to Rule Category -> Promotion/Markdown; Sub Category -> Exit Date and click Build Rule:

    • Select one or more Rule Criteria (turn on the switch), click Next.
    • Select one or more Rule Value (turn on the switch), click Next.
    • Add a Description, and click Review Rules followed by Save.

    Figure 11-18 Build Exit Date Rule

    Exit Date Rules

    Figure 11-19 Build Rule - Selecting Rule Criteria

    Build Rule - Selecting Rule Criteria

    Figure 11-20 Build Rule - Selecting Rule Value

    Build Rule - Selecting Rule Value

    Figure 11-21 Review and Save the Rule

    Review and Save the Rule

    Figure 11-22 Exit Date Rule Created

    Exit Date Rule Created

    Similarly, rules can be built for Budget, Promotion, and other rule categories based on the business scenario.