What is product in SAP CRM-MD - Master Data?

SAP Term: product

• Component: CRM-MD

• Component Name: Master Data

• Description: Products can be tangible, such as a PC, or intangible, such as services like PC maintenance. The product master provides information on all products that a company purchases or sells.

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• Key Concepts: 
  Product is a term used in SAP CRM-MD Master Data to refer to a physical or virtual item that can be sold or purchased. It is a type of master data, which is a collection of data that is used to define the characteristics of an item. Products can be anything from raw materials to finished goods, and they are used to define the characteristics of an item such as its price, quantity, and description. 
  
  How to use it: 
  In SAP CRM-MD Master Data, products are used to define the characteristics of an item. This includes the price, quantity, and description of the item. Products can also be used to track inventory levels and sales trends. Additionally, products can be used to create customer orders and invoices. 
  
  Tips & Tricks: 
  When creating products in SAP CRM-MD Master Data, it is important to ensure that all relevant information is included. This includes the price, quantity, and description of the item. Additionally, it is important to ensure that all products are properly categorized so that they can be easily found when needed. 
  
  Related Information: 
  For more information on SAP CRM-MD Master Data and how to use products within it, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP CRM-MD Master Data effectively.