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Users can create new strategies on their own. A strategy must list the strategy consequences used and a parameter for further fine tuning of the strategy consequences if needed. Since the strategy consequences for a strategy can be changed on an ongoing basis, it can make sense to have several strategies with the same strategy consequences. This provides the option of allowing different titles to be managed differently in the future even if they are initially treated alike.
The strategy of titles can be set manually, but typically automatic life cycle management is used to manage the titles’ strategies based on the stock levels and circulation trends.
A strategy can be assigned a meaningful name.
The LMS can indicate an initial strategy when a title is transferred from the LMS to IMMS.
If this strategy does not already exist in IMMS, it is created automatically and receives the strategy consequences that are indicated in the “Strategy consequence for newly created strategies” parameter.
If the LMS did not include an initial strategy when a title is transmitted to IMMS, then the title is assigned the strategy that is listed in the “Default strategy for new titles” parameter.
This principle is illustrated in the flow chart below:
The initial strategy from the LMS is only used when a title is transmitted from the LMS to IMMS the first time. The title’s strategy is thereafter managed in IMMS.