What is product group type in SAP CO-PC - Product Cost Controlling?

SAP Term: product group type

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A controller of the product group you use in the information system for for product drilldown reports. The following product group types are available: Product hierarchy of material master record Material group or material class of material master record Product group CO

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• Key Concepts: 
  Product group type is a classification of products in SAP Product Cost Controlling (CO-PC). It is used to group products together for cost analysis and reporting purposes. Product group types are defined by the user and can be used to group products by characteristics such as material type, production process, or customer. 
  
  How to use it: 
  Product group types are created in the SAP system by the user. The user can define the characteristics of the product group type and assign products to it. The product group type can then be used for cost analysis and reporting. 
  
  Tips & Tricks: 
  When creating product group types, it is important to consider how the product groups will be used for cost analysis and reporting. This will help ensure that the product groups are created in a way that is useful for the user. 
  
  Related Information: 
  Product group types are related to other SAP components such as Material Ledger (ML) and Cost Object Controlling (CO-OM). These components can be used in conjunction with product group types to provide more detailed cost analysis and reporting.