Introduction

This learning path is designed for technical developers (ie. Configuration Engineers) that are responsible for the creation and configuration of solutions using the Price Waterfall Optimization Accelerator. The use of this Accelerator will provide the pathway to a fast implementation and allow a core framework to configure customer specific needs and requirements.

It will focus on the core and common tasks associated with developing Groovy logic and configuration of this module and highlight key components of the Price Waterfall Optimization for Configuration Engineers to build their technical comprehension for the configuration and customization of this Accelerator for customer requirement.

Learning Prerequisites

Make sure that you have these aspects covered before moving on to the course.

• Data Management

• Pricing Basics

• Pricing Terminology

• Price Waterfall Optimization Learning Path for All Audiences

• Price Waterfall Optimization Learning Path for Administrators

Learning Synopsis

This learning path covers optimization models, types, and calculations, equipping you with the knowledge to configure, and customize waterfall optimization recommendations in Pricefx. It contains the foundational knowledge you need to thrive in your configuration of this Accelerator and expand your understanding of best practices associated with it.

You will also learn core technical concepts, use case customization, practice scenarios and all the details you need to build custom solutions for waterfall optimization.

Learning Objectives

Core topics and takeaways:

• Demonstrate a comprehensive understanding of the Price Waterfall Optimization Model class used with this Accelerator.

• Illustrate the step-by-step process for building the model architecture needed for this optimization.

• Understand how to define the Data Source and the mapping of the entries for the transactions.

• Illustrate the creation and usage of logics to define the data sources and data mapping needed.

• Depict creation and usage of the logic that merges and validates the aggregated table corresponding to the exact scope of the optimization.

• Illustrate the calculation process and the logic needed, validation of the elasticity model and the data preparation needed.

• Understand the results phase and the calculations needed to create a simulation and an optimization run to retrieve their results.

Learning Journey

This learning path is separated into sections that provide a basic roadmap for building your technical knowledge and understanding of the technical aspects of Price Waterfall Optimization.

The components in this path are designed to be experienced in a sequential order, as each subsequent level builds upon the knowledge acquired in the preceding learning path(s). This structured approach ensures that learners have the necessary foundation before progressing to more advanced concepts, optimizing your learning experience.

Price Waterfall Optimization Model Class

• Price Waterfall Model Class

• Price Waterfall Libraries

Price Waterfall Optimization Configuration

• Definition and Mapping

• Scope Step

  • Calculation Aggregation

  • Scope Filtering

• Configuration Step

  • Data Filtering

  • Optimization Guidance

  • Optimization Parameters

• Results Step

  • Simulation Run and Results

  • Impact and Results

  • Detailed Results

  • Glassbox and Influencers

  • Model Evaluation

Time commitment: For this path you should dedicate approximately 6 hours.