Aa Fundamentals: Temenos Education Centre
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AA Fundamentals
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
Agenda
What this course (part of) covers
Slide 2
Selling and Manufacturing Products
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
Selling and Manufacturing Cars
Slide 4
Organisation of BMW’s Product Catalogue Product Line (Cars)
Product Derivatives
Product Groups
Slide 5
Organisation of BMW’s Product Catalogue (2) Product Group
Derivative Product Saleable Products
Slide 6
Cars are constructed from components Body styles
Engines
Transmission
Wheels Slide 7
Model Components
Slide 8
Component Specifications
Slide 9
Standard vs Optional Equipment – Model Customisation
Slide 10
Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
3 Series
318i ES
318i SE
318i M Sport
Motor Bikes
5 Series
320i ES
6 Series
320i SE
320i M Sport
Slide 11
What have BMW achieved with their product building structure
Clearly defined set of product families
High degree of re-use / componentisation
The same engines, transmissions and wheels are used across each of the model ranges
A large number of saleable products from a manageable set of components allowing the customer a wide choice to meet a variety of needs / budgets
The ability to easily launch new / limited edition products via inheritance and the changing of standard / optional features
A high degree of customisation at the level of each vehicle sold allowing the client further choice and customisation
Financial Institutions would like to be able to do the same with Financial Products Slide 12
Cars vs Financial Products Product Product Line Line(Lending) (Cars) Product Groups
Product Derivatives
Mortgages Home Loans
Personal Line of Loans Credit
3 Year Fixed
Home Auto Equity LOC Loans
Non Revolving
5 year Fixed
Home Improver
Revolving
10 Year Fixed
Teacher Loans
Secured Credit Loans Cards Secured LOC
Student Loans
Small Business Loans
Visa Gold
University Loan
Start Up Loan
Secured LOC
Visa Platinum
Study Loan
Business Expander
Foreign Currency
Sole Trader
Base Rate Tracker
Floating
Arrangement Architecture
Slide 13
Building Products in AA
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
Building Blocks - Property Classes (I)
Cars are built from a generic set of parts or components
Engines Transmissions Wheels
These components may also be used in other types of products
Vans, trucks, boats and aeroplanes all have engines
Whilst these other products may have different types of engines all the engines have common ATTRIBUTES
Fuel type, Power output, Torque etc
They also do common things - ACTIONS
Start, Stop, Breakdown
Therefore we can create a common definition for all types of engine which would include all the attributes we need to describe any engine and all actions that an engine can perform
In AA we refer to this definition as a PROPERTY CLASS
Slide 15
Building Blocks - Property Classes (II) Examples of Property Classes Vehicles
Banking Products
Engines Transmission Wheels Bodies
Term Amount Interest Payment Schedule Charges
Slide 16
Building Blocks - Properties
Cars have more than one wheel
The front and rear wheels are frequently different sizes We need the ability to specify 2 types of wheel to build such a car However both sets of wheels have the same attributes Radius, width, tyre type etc
Therefore we need to be able to define different types of component which are of the same class in order to define our product
In the case of our car we need front and rear wheels In some cars (hybrids) we would need to have two engines
In AA we can create named types (copies) of a Property Class which are known as PROPERTIES
Users can create new Properties New Property Classes can only be created by TEMENOS Slide 17
Building Blocks – Properties vs Property Classes
Properties have the same attributes as their Property Class (no more and no less) They allow us to create two or more types of the same thing
they have the same attributes and can do the same activities but for the purposes of product design we need to differentiate between them
For example Cars
Loans
Property Class
Property
Property Class
Property
Wheels
Front Wheels
Interest
Principal Interest
Rear Wheels
Penalty Interest
It is PROPERTIES rather than PROPERTY CLASSES that are used to define products
Slide 18
Building Blocks – Product Lines, Property Classes and Properties
Different high level product classifications are created by different combinations of Property Classes (and by inference different Properties)
A car has an engine, transmission, wheels and a body A truck has an engine, transmission, wheels, body (cab) and a load bay
Whilst they share many Property Classes the truck has one extra which is the load bay
It has to have a load bay otherwise it isn’t a truck It is fundamentally different to a car in its design and intended use
An aircraft would need another Property Class to describe its wings
In AA product classifications that are made up of differing Property Classes are known as PRODUCT LINES
Examples of different Product Lines in the Banking Industry would be
Loans Deposits Current Accounts Slide 19
Building Blocks – Product Lines and Product Groups
Product Lines can be subdivided into PRODUCT GROUPS All Products belong to a Product Group
Each Product Group has a number of Properties associated with it. Each Product Group must have one Property for each of the mandatory Property Classes of its Product Line Different Product Groups can have different Properties and different numbers of Properties (always observing the mandatory Property Class rule)
Users can create new Product Groups New Product Lines can only be created by TEMENOS
Slide 20
Defining Products
Products belong to a Product Group which in turn belongs to a Product Line Each Product Group has a number of Properties associated with it Each Property is of a particular Property Class which defines its attributes Within a Product Line some Property Classes will be mandatory and others will be optional All products defined under a Product Line must have at least one Property for each mandatory Property Class A Product Group can have more than one Property for each Property Class
At the Product level we create PRODUCT CONDITIONS to define instances of the Properties for the Product Group with assigned values for the ATTRIBUTES of the associated Property Class Slide 21
Product Builder Definitions - Summary
Product Group Product Line Product
Property Class Property
Property Class Product Attributes Condition
Named types of
Specific values of Sub set of
Slide 22
Product Builder Definitions - Summary
TEMENOS Maintained
Product Line
Property Class
Property Class Attributes
Named types of
Product Group
Property Specific values of Sub set of
Product
Property
Product Condition
User Definable
All share a common set of attributes Slide 23
Product Builder Definitions - Example
TEMENOS Maintained Product Line
CARS
Property Class Attributes PropertyClass Class Property Property Class
WHEELS WHEELS WHEELS
Size Tyre Size Style
Named types of Product Group
3 Series
Property Class Property
WHEELS FRONT WHEELS Specific values of Sub set of
Product
Property
330i SE Coupe
FRONT WHEELS
Product Condition
M5 Front Wheels Size = 9Jx19 Tyre Size = 245/55 Style = M sport
User Definable
All share a common set of attributes Slide 24
Back to our car example Engine Property Class Body Style Property Class
3.0 Litre petrol Injection
Saloon Engine Property
PRODUCT GROUP == 3-Series PRODUCT LINE CAR PRODUCT = 330i SE
Body Style Property
Transmission Property Rear Wheels Property Front Wheels Property
6 Speed Automatic 16" light alloy V-spoke style 229 Transmission Property Class Wheels Property Class Slide 25
Building Blocks - Product Lines and Product Groups Product Line
Car
At the Product Line we specify which Property Classes are mandatory and which are optional.
Body Style Engine Transmission Wheels
At Product Group level we can define the Properties (named types of Property Classes), and we can specify which of these are mandatory and which are optional
Paintwork Upholstry Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties Body Style Engine
Transmission Front Wheels Rear Wheels Paintwork Upholstry Interior options Exterior Options
For the 3 Series Product Group we have specified that there are two named types of the Wheel Property Class: •Front Wheels •Rear Wheels
Slide 26
Building Blocks - Product Lines and Product Groups Product Line
Car
To create an individual Product we must assign a Product Condition from our Catalogue to each Property required by the Product Group Body Style – Product Conditions
Body Style
Engine Transmission Wheels Paintwork Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties
Body Style
Body Style
Engine
Engine
Transmission
Transmission
Wheels
Front Wheels
Product Conditions
Product
Saloon
Rear Wheels Paintwork
Paintwork
Upholstry
Upholstery
Interior Options
Interior options
Exterior Options
Exterior Options
Slide 27
Building Blocks - Product Lines and Product Groups Product Line
Car
Engine- Product Conditions Body Style Engine Transmission Wheels Paintwork Upholstry Interior Options
Engines
Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
Wheels
Front Wheels
Product
Rear Wheels Paintwork
Paintwork
Upholstry
Upholstery
Interior Options
Interior options
Exterior Options
Exterior Options
Slide 28
Building Blocks - Product Lines and Product Groups Product Line
Car
Transmission – Product Conditions
Body Style Engine
Transmission Wheels Paintwork Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
6 Speed Automatic
Wheels
Front Wheels
Product
Rear Wheels Paintwork
Paintwork
Upholstry
Upholstery
Interior Options
Interior options
Exterior Options
Exterior Options
Slide 29
Building Blocks - Product Lines and Product Groups Product Line
Car Wheels – Product Conditions
Body Style Engine Transmission Wheels Paintwork Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
6 Speed Automatic
Wheels
Front Wheels
16" light alloy V-spoke - 229
Rear Wheels
16" light alloy V-spoke - 229
Paintwork
Paintwork
SE Paintwork
Upholstry
Upholstery
SE Upholstery
Interior Options
Interior options
SE Interior Options
Exterior Options
Exterior Options
SE Exterior Options
Product
Slide 30
Building Blocks - Product Lines and Product Groups Product Line
Car
Product
Body Style Engine Transmission Wheels Paintwork Upholstry Interior Options
330i SE
Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
6 Speed Automatic
Wheels
Front Wheels
16" light alloy V-spoke - 229
Rear Wheels
16" light alloy V-spoke - 229
Paintwork
Paintwork
SE Paintwork
Upholstry
Upholstery
SE Upholstery
Interior Options
Interior options
SE Interior Options
Exterior Options
Exterior Options
SE Exterior Options
Product
Slide 31
AA Demo
AA Demo of the following features
Product Designer
Product Lines and Product Groups Products Properties and Product Conditions
Slide 32
Screen shot of AA menu structure and T24 Product Browser Select Products from the AA Product Builder Menu
This will open the T24 Product Browser
From here we can see a list of Product Lines, the Product Groups within the Product Line and the Products within the Product Group By selecting a specific Product we see the Product definition and the required Properties and the Product Conditions assigned to those Properties
Slide 33
AA – Product Builder Tools Navigation
All of the various configuration tables are accessed through the packaged tools that are delivered with AA. The following explains the layout and icons frequently used in the tools. Additional Data (e.g. description)
Section Header Sub-section Header Enquiry with all records of the primary table.
‘Type’ of instances
Record IDs View record Edit record or Drill down to instances Update description New instance
Record viewing & editing area
Slide 34
exercise – Build an AA Product – Design Product
In this exercise you will design and build a car product using AA. The first task is to create the product.
1) 2)
Sign on to T24. Open the Product Browser by selecting Products from the Product Builder menu. This will be found in the AA menu. 3) For the Vehicles Product Line, click on the “Product Groups” icon. Note that tooltips will appear if you hover over each icon. 4) Choose a Product Group, then click on the “New Product” icon. 5) In Product Designer, enter an ID. For the purposes of the training, make this CARnn where nn is the number of your USER, e.g. CAR07 6) Enter a description for your car product. 7) Now click on the Validate icon This will fill in the mandatory Properties of the car you are about to design. 8) Now assign conditions to each one of these properties. This can be done using the dropdowns. 9) Set the Arrangement Link to fixed for now. We will learn more about what this does later. 10) Save the product using the “Commit” icon
You have now created an AA Product.
Slide 35
An Introduction To Product Conditions
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
Product Builder Definitions - Summary
TEMENOS Maintained
Product Line
Property Class
Property Class Attributes
Named types of
Product Group
Property Specific values of Sub set of
Product
Property
Product Condition
Bank Definable
All share a common set of attributes Slide 37
Product Conditions
Each Property must have a Product Condition assigned to it.
What do Product Conditions do? Product Conditions define default values for Arrangements, whether these defaults can be modified at the arrangement level and if so with what restrictions.
Slide 38
Product Conditions - Recap
Product Conditions represent the parts that are available to build our car (Product).
These parts are organised by Product Class – we can think of a Product Class as a “parts bin” and the Product Conditions as the various parts in the bin
Parts from the “parts bin” can be used for more than one Property (provided they are of the same Property Class) in a given Product ie Front Wheels and Back Wheels
If we cannot find a part with the correct Attributes we can create another and add it to the “parts bin”
Slide 39
Negotiation Rules
Negotiation Rules:
Examples
Specify if and how each attribute in an arrangement may be modified by the user.
Choice of exterior colour, interior trim and wheels is restricted based on the product derivative ie ES, SE, M-Sport. Other items are non negotiable – for example when selecting an engine customer cannot change the number of cylinders of power output. In the case of financial products we can use this to restrict changes that a user can make to the standard terms of a loan is can the negotiate the interest rate on a loan and if so by how much. Slide 40
Negotiation Rules - example
The exterior colour is restricted to one of the following: Indianapolis Red Interlagos Blue
Negotiation Rule Field
Part of Rule
Attribute
“Exterior colour”
Option
“Includes”
Value
Indianapolis Red
Value
Interlagos Blue
Slide 41
Product Proofing and Publishing
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
Designing, Proofing and Publishing
Building a Product in AA is a three stage process
Designing Proofing Publish
In the design phase only the designer can see the changes that are being made – their actions have no effect on the live products In order to make the new product available to the operational staff it needs to be Published into the Product Catalog. To check that there are no errors in the design (particularly where hierarchies are involved) the designer must first Proof the new product.
Slide 43
Proofing and Publishing Products
Product Management
Proof Create
Proofed Products
Product Designer
Publish
Product Catalog
Fix
Modify Product design
Operations
Slide 44
Effective Dating
Available Date - New products
Slide 45
Proofing and Publishing
From the Product Browser select the Manage Icon
Action should be set to Proof Available Date sets the date on which the Product becomes available for sale Errors in proofing will be displayed
Once successfully Proofed the product can then be Published
Slide 46
Products and Arrangements
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
What is an arrangement ?
Slide 48
Arrangements
Customer
Product
Arrangement
Key Concepts Product Instance Arrangement Conditions
Slide 49
Relationship between Products and Arrangements TEMENOS Maintained
Product Line
Property Class
Property Class Attributes
Named types of
Product Group
Property Specific values of Sub set of
Product
Property
Product Condition
Bank Definable Specific instances of
Arrangement
Arrangement Conditions
Customer Specific All share a common set of attributes Slide 50
AA Demo
AA Demo of the following features
Product Proofing and Publishing
Product Catalog / Creating Arrangements
Slide 51
exercise – Publish your product and buy a car In this exercise you will proof and publish the product you designed in the previous exercise and then open an arrangement (purchase a car).
Choose your Product Group, then click on the “Products” icon. Choose the product you just created, and click on “Manage” Choose the Action “Proof”, and the date as the current business date. This is not today’s actual date - to find this out, use the Calendar icon. Click on the “Commit” icon. Check for error messages. If there are any, you will need to go correct these by amending the product. If there are no errors, continue. Click on Manage for you product again. Now publish it, again using today’s date. Close the Product Browser.
You product should now be in the Product Catalog
Slide 52
exercise – Publish your product and buy a car
The final step is to create the arrangement. This represents an actual car that is being sold.
In the Front Office menu, Select “Product Catalog”. Drill down to your product. Click on “New Arrangement” Enter the customer TRG1, the click on “Validate” Browse the information on the screen. You should see all the conditions you specified for your product. You can now change any values that are allowed to be modified for the particular car being sold. Commit this.
You have now created an AA arrangement.
Slide 53
AA Fundamentals Product Groups And Inheritance
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
3 Series
318i ES
318i SE
318i M Sport
Motor Bikes
5 Series
320i ES
6 Series
320i SE
320i M Sport
Slide 55
Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
Saloon
Touring
ES
Products
Products
3 Series
318i SE Coupe
320i SE Coupe
SE
330i SE Coupe
320d SE Coupe
Coupe
M Sport
325d SE Coupe
Product Convertible Derivatives / Parents
Product Derivatives / Parents
330d SE Coupe
Saleable Products
Slide 56
Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
Products
3 Series
Saloon
5 Series
Touring
ES
Products
318i SE Coupe
Motor Bikes
320i SE Coupe
SE
330i SE Coupe
320d SE Coupe
6 Series
Coupe
M Sport
325d SE Coupe
Product Convertible Derivatives / Parents
Product Derivatives / Parents
330d SE Coupe
Saleable Products
Slide 57
Product Catalogue – Product Hierarchy At the highest level we can set up an “inheritance only” product which cannot be sold and exists for inheritance purposes only.
3-Series Coupe Body Style
3 Coupe
Transmission
3Trans
Here we define the properties which we expect to be inherited by all lower level products. In the case of “inheritance only” products we do not need to define a Product Condition for all mandatory properties for the Product Group.
3-Series ES Coupe
3-Series SE Coupe
Paintwork
3ES Paint
Paintwork
3SE Paint
Upholstery
3ES Upholstery
Upholstery
3SE Upholstery
Front
3ES.Front
Front
3ES.Front
Rear Interior
3ES.Rear 3ES.interior
Rear Interior
3ES.Rear 3ES.interior
Exterior
3ES.exterior
Exterior
3ES.exterior
320i SE Coupe Engine
320i
At sub product level only those conditions that differ from the parent need to be defined. All other conditions will be inherited from the parent. Additional optional conditions can also be added at the sub product level
320i SE Coupe Engine
320i
The same inheritance principal applies at all levels in a product hierarchy with an unlimited number of levels
Slide 58
Product Catalogue – Product Hierarchy 3-Series Coupe Body Style
3 Coupe
Transmission
3Trans
3-Series ES Coupe
3-Series SE Coupe
Paintwork
3ES Paint
Paintwork
3SE Paint
Upholstery
3ES Upholstery
Upholstery
3SE Upholstery
Front
3ES.Front
Front
3ES.Front
Rear Interior
3ES.Rear 3ES.interior
Rear Interior
3ES.Rear 3ES.interior
Exterior
3ES.exterior
Exterior
3ES.exterior
320i SE Coupe Engine
320i
320i SE Coupe Engine
330i SE Coupe
320i
PUBLISH
Body Style
3 Coupe
Engine
320i
Transmission
3Trans
Paintwork
3SE Paint
Upholstery
3SE Upholstery
Front
3ES.Front
Rear Interior
3ES.Rear 3ES.interior
Exterior
3ES.exterior Slide 59
Product Inheritance
The Parent Product must be of the same Product Group
Parent Products can be “sellable” or for “inheritance only”
Slide 60
Exercise – Build a Product Family In this exercise you will create a Product Family for the Car Product Line. !!!!
Slide 61
Thank You
TEMENOS EDUCATION CENTRE Warning: This document, is protected by copyright law and international treaties. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of TEMENOS HEADQUARTERS SA Unauthorized reproduction or distribution of this presentation or any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under applicable law.” Information in this document is subject to change without notice
Slide 63
Product Design Process Choose Product Group Configure Property
Does Condition exist? No
No
Create Product Condition
Yes Assign Condition to Property
Is Product Complete?
Yes Product Complete
Slide 64
Arrangement Activities
Create Arrangement
Deliver
Arrangement Activities Vehicle
Service
Scrap
Service Book AA07 ABC
Activity Log
Slide 65
Slide 66
Product Organisation
Product Line
Car, Vans, Trucks …
Product Group
3 Series, 5 Series, …
Product Derivative
Product
Saloon, Coupe, Convertible, …
320i SE, 325i M Sport, …
Slide 67
Slide 68
Properties
Product
Property
Property
Property
Property
320i SE
Engine
Transmission
Front Wheels
Rear Wheels
Slide 69
Product Conditions Product
Property
Product Condition 320iSE Saloon
Property
Product Condition 2000cc, 4cyl, … Engine
Property
Product Condition Manual, 2WD,… Transmission
Property
Product Condition Front Wheels 8J x 17, 255/45/R17…
Rear Wheels
8.5J x 17, 225/40/R17…
Slide 70
Property Classes Wheels
Property Class
Property
Product Condition
Front Wheels 8J x 17, 255/45/R17… Rear Wheels
8J x 17, 255/40/R17… 8.5J x 17, 225/40/R17… … Slide 71
Building Blocks - Product Lines and Product Groups Product Line
Lending
At the Product Line we specify which Property Classes are mandatory and which are optional.
Term Term Amount Amount Payment Schedule Schedule Payment Payment Payment Rules Rules Accounting Accounting
At Product Group level we can define the Properties (named types of Property Classes), and we can specify which of these are mandatory and which are optional
Customer Customer Interest Interest Charge Charge Activity Restriction
Product Group
Mortgage
Properties Commitment Repayment Schedule
Repayment Principal Decrease Accounting Customer Principal Interest Penalty Interest New Arrangement Fee Payoff Fee
For the Mortgage Product Group we have specified that there are: •2 named types Interest property class •2 named types of the Charge property class •2 named types of the Transaction Rules property class
Disbursement Rules Prin Decrease Rules
Slide 72
Building Blocks - Product Lines and Product Groups Product Line
Lending
To create an individual Product we must assign a Product Condition from our Catalogue to each Property required by the Product Group Term Amount
Term Amount Payment Schedule
Loan Principal
Payment Rules
25 yr Mortgage
Accounting
Heloc
Customer Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Term Amount
Commitment
Payment Schedule
Repayment Schedule
Payment Rules
Repayment
Product Conditions
Product
25 yr Mortgage
Principal Decrease Accounting
Accounting
Customer
Customer
Interest
Principal Interest Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 73
Building Blocks - Product Lines and Product Groups Product Line
Lending Payment Schedule Term Amount Payment Schedule
Constant Monthly
Payment Rules
Linear Monthly
Accounting
Interest Monthly
Customer
Constant Bi Weekly
Interest
Constant Seasonal
Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Product
Principal Decrease Accounting
Accounting
Customer
Customer
Interest
Principal Interest Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 74
Building Blocks - Product Lines and Product Groups Product Line
Lending Accounting Term Amount Payment Schedule
Repay By Bill
Payment Rules
Repay By Property
Accounting
Repayment
Customer
Principal Decrease
Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Repay By Property
Principal Decrease
Principal Decrease
Accounting
Accounting
Customer
Customer
Interest
Principal Interest
Product
Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 75
Building Blocks - Product Lines and Product Groups Product Line
Lending Accounting Term Amount Lending
Payment Schedule Payment Rules Accounting Customer Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Repay By Property
Principal Decrease
Principal Decrease
Accounting
Accounting
Lending
Customer
Customer
Interest
Principal Interest
Product
Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 76
Building Blocks - Product Lines and Product Groups Product Line
Lending
Product
Term Amount Payment Schedule
25 yr Fixed Rate Mortgage
Payment Rules Accounting Customer Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Repay By Property
Principal Decrease
Principal Decrease
Accounting
Accounting
Lending
Customer
Customer
Customer
Interest
Principal Interest
Fixed Rate
Penalty Interest
Fixed Rate
New Arrangement Fee
New Loan
Payoff Fee
Principal Decrease
Disbursement Rules
Disburse Fully
Prin Decrease Rules
No Early repay
Charge
Activity Restriction
Product
Slide 77
Product Catalogue – Product Hierarchy Mortgage Penalty Int Initial Fee
INT.2 CHG.A1
Payment RulesPR1 Overdue OD.1
Open Term Mortgage Principal Interest
PRIN.OT1 INT.1
Repayment REPAY.OT Payment Rules PR1.OT Annual Fee
CHRG.M2
Here we define the properties which we expect to be inherited by all lower level products. In the case of “inheritance only” products we do not need to define a Product Condition for all mandatory properties for the Product Group.
Flexible Mortgage Principal Interest
PRIN.FM1 INT.10
Repayment
REPAY.FM
Overdue Annual Fee
OD.FM CHRG.M3
Flexible Repay Mort
Penalty Int
INT.0
Repayment
REPAY.FL
Overdue
OD.0
Pre Payment
At the highest level we can set up an “inheritance only” product which cannot be sold and exists for inheritance purposes only.
At sub product level only those conditions that differ from the parent need to be defined. All other conditions will be inherited from the parent. Additional optional conditions can also be added at the sub product level
Capped Interest Mort Interest Penalty Int
INT.CAP1 INT.15
Annual Fee
CHRG.CI1
The same inheritance principal applies at all levels in a product hierarchy with an unlimited number of levels
TXNRUL.3 Slide 78
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Agenda
What this course (part of) covers
Slide 2
Selling and Manufacturing Products
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Selling and Manufacturing Cars
Slide 4
Organisation of BMW’s Product Catalogue Product Line (Cars)
Product Derivatives
Product Groups
Slide 5
Organisation of BMW’s Product Catalogue (2) Product Group
Derivative Product Saleable Products
Slide 6
Cars are constructed from components Body styles
Engines
Transmission
Wheels Slide 7
Model Components
Slide 8
Component Specifications
Slide 9
Standard vs Optional Equipment – Model Customisation
Slide 10
Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
3 Series
318i ES
318i SE
318i M Sport
Motor Bikes
5 Series
320i ES
6 Series
320i SE
320i M Sport
Slide 11
What have BMW achieved with their product building structure
Clearly defined set of product families
High degree of re-use / componentisation
The same engines, transmissions and wheels are used across each of the model ranges
A large number of saleable products from a manageable set of components allowing the customer a wide choice to meet a variety of needs / budgets
The ability to easily launch new / limited edition products via inheritance and the changing of standard / optional features
A high degree of customisation at the level of each vehicle sold allowing the client further choice and customisation
Financial Institutions would like to be able to do the same with Financial Products Slide 12
Cars vs Financial Products Product Product Line Line(Lending) (Cars) Product Groups
Product Derivatives
Mortgages Home Loans
Personal Line of Loans Credit
3 Year Fixed
Home Auto Equity LOC Loans
Non Revolving
5 year Fixed
Home Improver
Revolving
10 Year Fixed
Teacher Loans
Secured Credit Loans Cards Secured LOC
Student Loans
Small Business Loans
Visa Gold
University Loan
Start Up Loan
Secured LOC
Visa Platinum
Study Loan
Business Expander
Foreign Currency
Sole Trader
Base Rate Tracker
Floating
Arrangement Architecture
Slide 13
Building Products in AA
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Building Blocks - Property Classes (I)
Cars are built from a generic set of parts or components
Engines Transmissions Wheels
These components may also be used in other types of products
Vans, trucks, boats and aeroplanes all have engines
Whilst these other products may have different types of engines all the engines have common ATTRIBUTES
Fuel type, Power output, Torque etc
They also do common things - ACTIONS
Start, Stop, Breakdown
Therefore we can create a common definition for all types of engine which would include all the attributes we need to describe any engine and all actions that an engine can perform
In AA we refer to this definition as a PROPERTY CLASS
Slide 15
Building Blocks - Property Classes (II) Examples of Property Classes Vehicles
Banking Products
Engines Transmission Wheels Bodies
Term Amount Interest Payment Schedule Charges
Slide 16
Building Blocks - Properties
Cars have more than one wheel
The front and rear wheels are frequently different sizes We need the ability to specify 2 types of wheel to build such a car However both sets of wheels have the same attributes Radius, width, tyre type etc
Therefore we need to be able to define different types of component which are of the same class in order to define our product
In the case of our car we need front and rear wheels In some cars (hybrids) we would need to have two engines
In AA we can create named types (copies) of a Property Class which are known as PROPERTIES
Users can create new Properties New Property Classes can only be created by TEMENOS Slide 17
Building Blocks – Properties vs Property Classes
Properties have the same attributes as their Property Class (no more and no less) They allow us to create two or more types of the same thing
they have the same attributes and can do the same activities but for the purposes of product design we need to differentiate between them
For example Cars
Loans
Property Class
Property
Property Class
Property
Wheels
Front Wheels
Interest
Principal Interest
Rear Wheels
Penalty Interest
It is PROPERTIES rather than PROPERTY CLASSES that are used to define products
Slide 18
Building Blocks – Product Lines, Property Classes and Properties
Different high level product classifications are created by different combinations of Property Classes (and by inference different Properties)
A car has an engine, transmission, wheels and a body A truck has an engine, transmission, wheels, body (cab) and a load bay
Whilst they share many Property Classes the truck has one extra which is the load bay
It has to have a load bay otherwise it isn’t a truck It is fundamentally different to a car in its design and intended use
An aircraft would need another Property Class to describe its wings
In AA product classifications that are made up of differing Property Classes are known as PRODUCT LINES
Examples of different Product Lines in the Banking Industry would be
Loans Deposits Current Accounts Slide 19
Building Blocks – Product Lines and Product Groups
Product Lines can be subdivided into PRODUCT GROUPS All Products belong to a Product Group
Each Product Group has a number of Properties associated with it. Each Product Group must have one Property for each of the mandatory Property Classes of its Product Line Different Product Groups can have different Properties and different numbers of Properties (always observing the mandatory Property Class rule)
Users can create new Product Groups New Product Lines can only be created by TEMENOS
Slide 20
Defining Products
Products belong to a Product Group which in turn belongs to a Product Line Each Product Group has a number of Properties associated with it Each Property is of a particular Property Class which defines its attributes Within a Product Line some Property Classes will be mandatory and others will be optional All products defined under a Product Line must have at least one Property for each mandatory Property Class A Product Group can have more than one Property for each Property Class
At the Product level we create PRODUCT CONDITIONS to define instances of the Properties for the Product Group with assigned values for the ATTRIBUTES of the associated Property Class Slide 21
Product Builder Definitions - Summary
Product Group Product Line Product
Property Class Property
Property Class Product Attributes Condition
Named types of
Specific values of Sub set of
Slide 22
Product Builder Definitions - Summary
TEMENOS Maintained
Product Line
Property Class
Property Class Attributes
Named types of
Product Group
Property Specific values of Sub set of
Product
Property
Product Condition
User Definable
All share a common set of attributes Slide 23
Product Builder Definitions - Example
TEMENOS Maintained Product Line
CARS
Property Class Attributes PropertyClass Class Property Property Class
WHEELS WHEELS WHEELS
Size Tyre Size Style
Named types of Product Group
3 Series
Property Class Property
WHEELS FRONT WHEELS Specific values of Sub set of
Product
Property
330i SE Coupe
FRONT WHEELS
Product Condition
M5 Front Wheels Size = 9Jx19 Tyre Size = 245/55 Style = M sport
User Definable
All share a common set of attributes Slide 24
Back to our car example Engine Property Class Body Style Property Class
3.0 Litre petrol Injection
Saloon Engine Property
PRODUCT GROUP == 3-Series PRODUCT LINE CAR PRODUCT = 330i SE
Body Style Property
Transmission Property Rear Wheels Property Front Wheels Property
6 Speed Automatic 16" light alloy V-spoke style 229 Transmission Property Class Wheels Property Class Slide 25
Building Blocks - Product Lines and Product Groups Product Line
Car
At the Product Line we specify which Property Classes are mandatory and which are optional.
Body Style Engine Transmission Wheels
At Product Group level we can define the Properties (named types of Property Classes), and we can specify which of these are mandatory and which are optional
Paintwork Upholstry Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties Body Style Engine
Transmission Front Wheels Rear Wheels Paintwork Upholstry Interior options Exterior Options
For the 3 Series Product Group we have specified that there are two named types of the Wheel Property Class: •Front Wheels •Rear Wheels
Slide 26
Building Blocks - Product Lines and Product Groups Product Line
Car
To create an individual Product we must assign a Product Condition from our Catalogue to each Property required by the Product Group Body Style – Product Conditions
Body Style
Engine Transmission Wheels Paintwork Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties
Body Style
Body Style
Engine
Engine
Transmission
Transmission
Wheels
Front Wheels
Product Conditions
Product
Saloon
Rear Wheels Paintwork
Paintwork
Upholstry
Upholstery
Interior Options
Interior options
Exterior Options
Exterior Options
Slide 27
Building Blocks - Product Lines and Product Groups Product Line
Car
Engine- Product Conditions Body Style Engine Transmission Wheels Paintwork Upholstry Interior Options
Engines
Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
Wheels
Front Wheels
Product
Rear Wheels Paintwork
Paintwork
Upholstry
Upholstery
Interior Options
Interior options
Exterior Options
Exterior Options
Slide 28
Building Blocks - Product Lines and Product Groups Product Line
Car
Transmission – Product Conditions
Body Style Engine
Transmission Wheels Paintwork Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
6 Speed Automatic
Wheels
Front Wheels
Product
Rear Wheels Paintwork
Paintwork
Upholstry
Upholstery
Interior Options
Interior options
Exterior Options
Exterior Options
Slide 29
Building Blocks - Product Lines and Product Groups Product Line
Car Wheels – Product Conditions
Body Style Engine Transmission Wheels Paintwork Upholstry Interior Options Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
6 Speed Automatic
Wheels
Front Wheels
16" light alloy V-spoke - 229
Rear Wheels
16" light alloy V-spoke - 229
Paintwork
Paintwork
SE Paintwork
Upholstry
Upholstery
SE Upholstery
Interior Options
Interior options
SE Interior Options
Exterior Options
Exterior Options
SE Exterior Options
Product
Slide 30
Building Blocks - Product Lines and Product Groups Product Line
Car
Product
Body Style Engine Transmission Wheels Paintwork Upholstry Interior Options
330i SE
Exterior Options
Product Group
3-Series
Properties
Product Conditions
Body Style
Body Style
Saloon
Engine
Engine
3.0 Litre Petrol Injection
Transmission
Transmission
6 Speed Automatic
Wheels
Front Wheels
16" light alloy V-spoke - 229
Rear Wheels
16" light alloy V-spoke - 229
Paintwork
Paintwork
SE Paintwork
Upholstry
Upholstery
SE Upholstery
Interior Options
Interior options
SE Interior Options
Exterior Options
Exterior Options
SE Exterior Options
Product
Slide 31
AA Demo
AA Demo of the following features
Product Designer
Product Lines and Product Groups Products Properties and Product Conditions
Slide 32
Screen shot of AA menu structure and T24 Product Browser Select Products from the AA Product Builder Menu
This will open the T24 Product Browser
From here we can see a list of Product Lines, the Product Groups within the Product Line and the Products within the Product Group By selecting a specific Product we see the Product definition and the required Properties and the Product Conditions assigned to those Properties
Slide 33
AA – Product Builder Tools Navigation
All of the various configuration tables are accessed through the packaged tools that are delivered with AA. The following explains the layout and icons frequently used in the tools. Additional Data (e.g. description)
Section Header Sub-section Header Enquiry with all records of the primary table.
‘Type’ of instances
Record IDs View record Edit record or Drill down to instances Update description New instance
Record viewing & editing area
Slide 34
exercise – Build an AA Product – Design Product
In this exercise you will design and build a car product using AA. The first task is to create the product.
1) 2)
Sign on to T24. Open the Product Browser by selecting Products from the Product Builder menu. This will be found in the AA menu. 3) For the Vehicles Product Line, click on the “Product Groups” icon. Note that tooltips will appear if you hover over each icon. 4) Choose a Product Group, then click on the “New Product” icon. 5) In Product Designer, enter an ID. For the purposes of the training, make this CARnn where nn is the number of your USER, e.g. CAR07 6) Enter a description for your car product. 7) Now click on the Validate icon This will fill in the mandatory Properties of the car you are about to design. 8) Now assign conditions to each one of these properties. This can be done using the dropdowns. 9) Set the Arrangement Link to fixed for now. We will learn more about what this does later. 10) Save the product using the “Commit” icon
You have now created an AA Product.
Slide 35
An Introduction To Product Conditions
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Product Builder Definitions - Summary
TEMENOS Maintained
Product Line
Property Class
Property Class Attributes
Named types of
Product Group
Property Specific values of Sub set of
Product
Property
Product Condition
Bank Definable
All share a common set of attributes Slide 37
Product Conditions
Each Property must have a Product Condition assigned to it.
What do Product Conditions do? Product Conditions define default values for Arrangements, whether these defaults can be modified at the arrangement level and if so with what restrictions.
Slide 38
Product Conditions - Recap
Product Conditions represent the parts that are available to build our car (Product).
These parts are organised by Product Class – we can think of a Product Class as a “parts bin” and the Product Conditions as the various parts in the bin
Parts from the “parts bin” can be used for more than one Property (provided they are of the same Property Class) in a given Product ie Front Wheels and Back Wheels
If we cannot find a part with the correct Attributes we can create another and add it to the “parts bin”
Slide 39
Negotiation Rules
Negotiation Rules:
Examples
Specify if and how each attribute in an arrangement may be modified by the user.
Choice of exterior colour, interior trim and wheels is restricted based on the product derivative ie ES, SE, M-Sport. Other items are non negotiable – for example when selecting an engine customer cannot change the number of cylinders of power output. In the case of financial products we can use this to restrict changes that a user can make to the standard terms of a loan is can the negotiate the interest rate on a loan and if so by how much. Slide 40
Negotiation Rules - example
The exterior colour is restricted to one of the following: Indianapolis Red Interlagos Blue
Negotiation Rule Field
Part of Rule
Attribute
“Exterior colour”
Option
“Includes”
Value
Indianapolis Red
Value
Interlagos Blue
Slide 41
Product Proofing and Publishing
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Designing, Proofing and Publishing
Building a Product in AA is a three stage process
Designing Proofing Publish
In the design phase only the designer can see the changes that are being made – their actions have no effect on the live products In order to make the new product available to the operational staff it needs to be Published into the Product Catalog. To check that there are no errors in the design (particularly where hierarchies are involved) the designer must first Proof the new product.
Slide 43
Proofing and Publishing Products
Product Management
Proof Create
Proofed Products
Product Designer
Publish
Product Catalog
Fix
Modify Product design
Operations
Slide 44
Effective Dating
Available Date - New products
Slide 45
Proofing and Publishing
From the Product Browser select the Manage Icon
Action should be set to Proof Available Date sets the date on which the Product becomes available for sale Errors in proofing will be displayed
Once successfully Proofed the product can then be Published
Slide 46
Products and Arrangements
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What is an arrangement ?
Slide 48
Arrangements
Customer
Product
Arrangement
Key Concepts Product Instance Arrangement Conditions
Slide 49
Relationship between Products and Arrangements TEMENOS Maintained
Product Line
Property Class
Property Class Attributes
Named types of
Product Group
Property Specific values of Sub set of
Product
Property
Product Condition
Bank Definable Specific instances of
Arrangement
Arrangement Conditions
Customer Specific All share a common set of attributes Slide 50
AA Demo
AA Demo of the following features
Product Proofing and Publishing
Product Catalog / Creating Arrangements
Slide 51
exercise – Publish your product and buy a car In this exercise you will proof and publish the product you designed in the previous exercise and then open an arrangement (purchase a car).
Choose your Product Group, then click on the “Products” icon. Choose the product you just created, and click on “Manage” Choose the Action “Proof”, and the date as the current business date. This is not today’s actual date - to find this out, use the Calendar icon. Click on the “Commit” icon. Check for error messages. If there are any, you will need to go correct these by amending the product. If there are no errors, continue. Click on Manage for you product again. Now publish it, again using today’s date. Close the Product Browser.
You product should now be in the Product Catalog
Slide 52
exercise – Publish your product and buy a car
The final step is to create the arrangement. This represents an actual car that is being sold.
In the Front Office menu, Select “Product Catalog”. Drill down to your product. Click on “New Arrangement” Enter the customer TRG1, the click on “Validate” Browse the information on the screen. You should see all the conditions you specified for your product. You can now change any values that are allowed to be modified for the particular car being sold. Commit this.
You have now created an AA arrangement.
Slide 53
AA Fundamentals Product Groups And Inheritance
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Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
3 Series
318i ES
318i SE
318i M Sport
Motor Bikes
5 Series
320i ES
6 Series
320i SE
320i M Sport
Slide 55
Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
Saloon
Touring
ES
Products
Products
3 Series
318i SE Coupe
320i SE Coupe
SE
330i SE Coupe
320d SE Coupe
Coupe
M Sport
325d SE Coupe
Product Convertible Derivatives / Parents
Product Derivatives / Parents
330d SE Coupe
Saleable Products
Slide 56
Product Organisation / Hierarchy
Cars
Product Line
Product Group
Products
Products
3 Series
Saloon
5 Series
Touring
ES
Products
318i SE Coupe
Motor Bikes
320i SE Coupe
SE
330i SE Coupe
320d SE Coupe
6 Series
Coupe
M Sport
325d SE Coupe
Product Convertible Derivatives / Parents
Product Derivatives / Parents
330d SE Coupe
Saleable Products
Slide 57
Product Catalogue – Product Hierarchy At the highest level we can set up an “inheritance only” product which cannot be sold and exists for inheritance purposes only.
3-Series Coupe Body Style
3 Coupe
Transmission
3Trans
Here we define the properties which we expect to be inherited by all lower level products. In the case of “inheritance only” products we do not need to define a Product Condition for all mandatory properties for the Product Group.
3-Series ES Coupe
3-Series SE Coupe
Paintwork
3ES Paint
Paintwork
3SE Paint
Upholstery
3ES Upholstery
Upholstery
3SE Upholstery
Front
3ES.Front
Front
3ES.Front
Rear Interior
3ES.Rear 3ES.interior
Rear Interior
3ES.Rear 3ES.interior
Exterior
3ES.exterior
Exterior
3ES.exterior
320i SE Coupe Engine
320i
At sub product level only those conditions that differ from the parent need to be defined. All other conditions will be inherited from the parent. Additional optional conditions can also be added at the sub product level
320i SE Coupe Engine
320i
The same inheritance principal applies at all levels in a product hierarchy with an unlimited number of levels
Slide 58
Product Catalogue – Product Hierarchy 3-Series Coupe Body Style
3 Coupe
Transmission
3Trans
3-Series ES Coupe
3-Series SE Coupe
Paintwork
3ES Paint
Paintwork
3SE Paint
Upholstery
3ES Upholstery
Upholstery
3SE Upholstery
Front
3ES.Front
Front
3ES.Front
Rear Interior
3ES.Rear 3ES.interior
Rear Interior
3ES.Rear 3ES.interior
Exterior
3ES.exterior
Exterior
3ES.exterior
320i SE Coupe Engine
320i
320i SE Coupe Engine
330i SE Coupe
320i
PUBLISH
Body Style
3 Coupe
Engine
320i
Transmission
3Trans
Paintwork
3SE Paint
Upholstery
3SE Upholstery
Front
3ES.Front
Rear Interior
3ES.Rear 3ES.interior
Exterior
3ES.exterior Slide 59
Product Inheritance
The Parent Product must be of the same Product Group
Parent Products can be “sellable” or for “inheritance only”
Slide 60
Exercise – Build a Product Family In this exercise you will create a Product Family for the Car Product Line. !!!!
Slide 61
Thank You
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Slide 63
Product Design Process Choose Product Group Configure Property
Does Condition exist? No
No
Create Product Condition
Yes Assign Condition to Property
Is Product Complete?
Yes Product Complete
Slide 64
Arrangement Activities
Create Arrangement
Deliver
Arrangement Activities Vehicle
Service
Scrap
Service Book AA07 ABC
Activity Log
Slide 65
Slide 66
Product Organisation
Product Line
Car, Vans, Trucks …
Product Group
3 Series, 5 Series, …
Product Derivative
Product
Saloon, Coupe, Convertible, …
320i SE, 325i M Sport, …
Slide 67
Slide 68
Properties
Product
Property
Property
Property
Property
320i SE
Engine
Transmission
Front Wheels
Rear Wheels
Slide 69
Product Conditions Product
Property
Product Condition 320iSE Saloon
Property
Product Condition 2000cc, 4cyl, … Engine
Property
Product Condition Manual, 2WD,… Transmission
Property
Product Condition Front Wheels 8J x 17, 255/45/R17…
Rear Wheels
8.5J x 17, 225/40/R17…
Slide 70
Property Classes Wheels
Property Class
Property
Product Condition
Front Wheels 8J x 17, 255/45/R17… Rear Wheels
8J x 17, 255/40/R17… 8.5J x 17, 225/40/R17… … Slide 71
Building Blocks - Product Lines and Product Groups Product Line
Lending
At the Product Line we specify which Property Classes are mandatory and which are optional.
Term Term Amount Amount Payment Schedule Schedule Payment Payment Payment Rules Rules Accounting Accounting
At Product Group level we can define the Properties (named types of Property Classes), and we can specify which of these are mandatory and which are optional
Customer Customer Interest Interest Charge Charge Activity Restriction
Product Group
Mortgage
Properties Commitment Repayment Schedule
Repayment Principal Decrease Accounting Customer Principal Interest Penalty Interest New Arrangement Fee Payoff Fee
For the Mortgage Product Group we have specified that there are: •2 named types Interest property class •2 named types of the Charge property class •2 named types of the Transaction Rules property class
Disbursement Rules Prin Decrease Rules
Slide 72
Building Blocks - Product Lines and Product Groups Product Line
Lending
To create an individual Product we must assign a Product Condition from our Catalogue to each Property required by the Product Group Term Amount
Term Amount Payment Schedule
Loan Principal
Payment Rules
25 yr Mortgage
Accounting
Heloc
Customer Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Term Amount
Commitment
Payment Schedule
Repayment Schedule
Payment Rules
Repayment
Product Conditions
Product
25 yr Mortgage
Principal Decrease Accounting
Accounting
Customer
Customer
Interest
Principal Interest Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 73
Building Blocks - Product Lines and Product Groups Product Line
Lending Payment Schedule Term Amount Payment Schedule
Constant Monthly
Payment Rules
Linear Monthly
Accounting
Interest Monthly
Customer
Constant Bi Weekly
Interest
Constant Seasonal
Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Product
Principal Decrease Accounting
Accounting
Customer
Customer
Interest
Principal Interest Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 74
Building Blocks - Product Lines and Product Groups Product Line
Lending Accounting Term Amount Payment Schedule
Repay By Bill
Payment Rules
Repay By Property
Accounting
Repayment
Customer
Principal Decrease
Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Repay By Property
Principal Decrease
Principal Decrease
Accounting
Accounting
Customer
Customer
Interest
Principal Interest
Product
Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 75
Building Blocks - Product Lines and Product Groups Product Line
Lending Accounting Term Amount Lending
Payment Schedule Payment Rules Accounting Customer Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Repay By Property
Principal Decrease
Principal Decrease
Accounting
Accounting
Lending
Customer
Customer
Interest
Principal Interest
Product
Penalty Interest
Charge
New Arrangement Fee Payoff Fee
Activity Restriction
Disbursement Rules Prin Decrease Rules
Slide 76
Building Blocks - Product Lines and Product Groups Product Line
Lending
Product
Term Amount Payment Schedule
25 yr Fixed Rate Mortgage
Payment Rules Accounting Customer Interest Charge Activity Restriction
Product Group
Mortgage
Properties
Product Conditions
Term Amount
Commitment
25 yr Mortgage
Payment Schedule
Repayment Schedule
Constant Monthly
Payment Rules
Repayment
Repay By Property
Principal Decrease
Principal Decrease
Accounting
Accounting
Lending
Customer
Customer
Customer
Interest
Principal Interest
Fixed Rate
Penalty Interest
Fixed Rate
New Arrangement Fee
New Loan
Payoff Fee
Principal Decrease
Disbursement Rules
Disburse Fully
Prin Decrease Rules
No Early repay
Charge
Activity Restriction
Product
Slide 77
Product Catalogue – Product Hierarchy Mortgage Penalty Int Initial Fee
INT.2 CHG.A1
Payment RulesPR1 Overdue OD.1
Open Term Mortgage Principal Interest
PRIN.OT1 INT.1
Repayment REPAY.OT Payment Rules PR1.OT Annual Fee
CHRG.M2
Here we define the properties which we expect to be inherited by all lower level products. In the case of “inheritance only” products we do not need to define a Product Condition for all mandatory properties for the Product Group.
Flexible Mortgage Principal Interest
PRIN.FM1 INT.10
Repayment
REPAY.FM
Overdue Annual Fee
OD.FM CHRG.M3
Flexible Repay Mort
Penalty Int
INT.0
Repayment
REPAY.FL
Overdue
OD.0
Pre Payment
At the highest level we can set up an “inheritance only” product which cannot be sold and exists for inheritance purposes only.
At sub product level only those conditions that differ from the parent need to be defined. All other conditions will be inherited from the parent. Additional optional conditions can also be added at the sub product level
Capped Interest Mort Interest Penalty Int
INT.CAP1 INT.15
Annual Fee
CHRG.CI1
The same inheritance principal applies at all levels in a product hierarchy with an unlimited number of levels
TXNRUL.3 Slide 78
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