What is reference product in SAP CRM-IU - Utilities Industry?

SAP Term: reference product

• Component: CRM-IU

• Component Name: Utilities Industry

• Description: Object that combines various products. Reference products are non-saleable products. They are used during product configuration to accelerate product definition and change a number of products by changing and inheriting the reference product. Each product can only have one reference product and a reference product can be assigned to any number of products.

Smart SAP Assistant

• Key Concepts: 
  Reference product is a type of product in the SAP CRM-IU Utilities Industry component. It is a product that is used as a reference for other products in the same industry. It is used to compare and contrast different products and services, and to provide a benchmark for pricing and other factors. 
  
  How to use it: 
  Reference products are used to compare and contrast different products and services in the same industry. They can be used to determine pricing, features, and other factors that may be important when making decisions about which product or service to purchase. They can also be used to identify potential areas of improvement or areas where additional research may be needed. 
  
  Tips & Tricks: 
  When using reference products, it is important to consider all aspects of the product or service being compared. This includes features, pricing, customer service, and any other factors that may be important when making a decision. Additionally, it is important to consider the context in which the reference product is being used. For example, if the reference product is being used to compare two different types of products, then it may be necessary to consider how those two products are used differently in order to make an accurate comparison. 
  
  Related Information: 
  The SAP CRM-IU Utilities Industry component also includes other types of products such as customer service products, billing products, and energy management products. Additionally, there are various tools available for analyzing and comparing different types of products within the industry. These tools can help identify areas where additional research may be needed or areas where improvements can be made.