What is account hierarchy in SAP CRM-MD-BP - Business Partners?

SAP Term: account hierarchy

• Component: CRM-MD-BP

• Component Name: Business Partners

• Description: Hierarchy for displaying the organizational structures of an account for example, buying group, co-operative, or chain of retail outlets that can also be used for pricing.

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• Key Concepts: 
  Account hierarchy is a feature of the CRM-MD-BP Business Partners component of SAP software. It allows users to create a hierarchical structure of accounts, which can be used to organize and manage customer data. The hierarchy can be used to group customers into categories, such as by region or industry, and to assign different levels of access to different users. 
  
  How to use it: 
  To use the account hierarchy feature, users must first create an account hierarchy in the CRM-MD-BP Business Partners component. This can be done by selecting the “Create Account Hierarchy” option from the menu. Once the hierarchy is created, users can add accounts to it by selecting the “Add Account” option from the menu. Accounts can then be organized into categories and assigned different levels of access. 
  
  Tips & Tricks: 
  When creating an account hierarchy, it is important to consider how it will be used. For example, if the hierarchy is being used to organize customers by region or industry, it may be helpful to create separate hierarchies for each region or industry. This will make it easier to manage customer data and assign different levels of access. 
  
  Related Information: 
  For more information on how to use the account hierarchy feature in SAP software, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.