BRF based Pricing Decision-making - Blog 1
Companies that deal with multiple products and prices and complicated price books often face the pangs of not having a comprehensive decision making modeling tool that helps in alleviating the price-leakage, accountability and traceability.
SAP business rules framework can be effectively utilized to provide a mechanism that helps in mitigating these challenges.
Problem statement:
Handling complicated constrained based pricing rules that are available only in paper price books.
Challenges:
- Practicality of translating requirements into logical functions
- Complexity of capturing, implementing, and maintaining the rules logic
- Transparency of the logic between interacting systems
Key Guiding Principles:
- Ability to abstract the rules from the code to provide ease of use
- Ability to model various rules and constraints contained within pricing agreements (like contracts, price-books etc).
- Ability to apply status based rules for pricing
- Ability to be able to define a catalog of services/products
- Provisioning of a modeling tool kit that can be used by a pricing analyst to efficiently develop the rules necessary to model a price-book / contract.
- Ability to propose up-selling products/services.
In the subsequent blog, I will throw light on the architecture and design elements that meet above challenges.
