What is status profile in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: status profile

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A list of product type specific statuses that are checked during the rights availability calculation.

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• Key Concepts: 
  Status profiles are used in SAP CRM-IM-IPM Intellectual Property Management to define the status of an intellectual property (IP) asset. They are used to control the lifecycle of an IP asset, from creation to disposal. Status profiles are used to define the different stages of an IP asset's lifecycle, such as “in development”, “in production”, and “disposed”. 
  
  How to use it: 
  Status profiles can be created and maintained in the SAP CRM-IM-IPM Intellectual Property Management system. The status profile is assigned to an IP asset when it is created, and can be changed as the asset moves through its lifecycle. The status profile can also be used to control access to the asset, as well as to trigger notifications when certain events occur. 
  
  Tips & Tricks: 
  When creating a status profile, it is important to consider the different stages of an IP asset's lifecycle and how they will affect access and notifications. It is also important to consider how the status profile will interact with other systems, such as SAP ERP or SAP BW. 
  
  Related Information: 
  For more information on status profiles in SAP CRM-IM-IPM Intellectual Property Management, please refer to the official SAP documentation.