Create new column using certain rules based on existing column

Hi to all the experts here

I am extremely new to KNIME and currently exploring the possibilities here.
I want to know, if it is possible to create a custom column (with certain rules from another column).

Here is the example:
I have a column name Product with all my product name. I want to create another column name type whereby if product = OB, type = BuyBack. If product = FS, type = HoldSales etc etc on and on.

I have searched around and saw some people mentioned about using Rule Engine. I read about it but I do not understand how it works.
If possible please create a flow and guide me, I appreciate very much!

Thank you!

Hi @Yu_C

Welcome to KNIME Forum. Take a look at this topic on the Forum. Where @ArjenEX explains how to get the RuleEngine to work. Or see this video on Youtube by @TosinLitics . If you still have problems getting things to work, upload your workflow with some sample data, and Iā€™m sure someone will help you out. And as your a new to KNIME, you may like this https://www.knime.com/knime-self-paced-courses.
Happy KNIMEing
gr. Hans

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