What is retention rule in SAP (BC-ILM - Information Lifecycle Management)?

SAP Term: retention rule

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: ILM rule with specifications for determining the minimum and maximum retention periods start date and minimum or maximum end date of an ILM object.

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• Key Concepts: 
  Retention rules are used in SAP's Information Lifecycle Management (ILM) component to define the length of time that documents and records should be kept. They are used to ensure that documents and records are kept for the required amount of time, and then deleted or archived when they are no longer needed. 
  
  How to use it: 
  Retention rules can be set up in the ILM component of SAP. The rules can be set up to define the length of time that documents and records should be kept, as well as when they should be deleted or archived. The rules can also be used to define which documents and records should be kept, and which should be deleted or archived. 
  
  Tips & Tricks: 
  When setting up retention rules, it is important to ensure that the rules are set up correctly. It is also important to ensure that the rules are regularly reviewed and updated as needed. This will help ensure that documents and records are kept for the required amount of time, and then deleted or archived when they are no longer needed. 
  
  Related Information: 
  For more information on retention rules in SAP's ILM component, please refer to the SAP Help documentation. Additionally, there are a number of online resources available that provide more detailed information on setting up retention rules in SAP's ILM component.