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

SAP Term: product package

• Component: CRM-MD

• Component Name: Master Data

• Description: A combination of different products that are sold as a whole. A package has a superordinate product that bundles the package components, and is typically composed of various relationships at different hierarchy levels. Product packages are used to combine different products into a package that is designed to meet certain customer requirements. Using product packages provides the following benefits: Different products can be combined based on specified rules. Packages can contain optional components as well as alternative components. Products can be offered as whole, but processed in different follow-up transactions for example, contracts, sales orders, and service orders. Products can have special prices when offered within a package.

Smart SAP Assistant

• Key Concepts: 
  Product package is a component of the SAP CRM-MD Master Data module. It is a collection of products and services that are bundled together and sold as a single unit. The product package can be customized to meet the needs of the customer, and it can include different combinations of products and services. 
  
  How to use it: 
  Product packages can be created in the SAP CRM-MD Master Data module. The user can select the products and services that they want to include in the package, and then customize the package to meet the customer's needs. Once the package is created, it can be used to generate quotes, orders, invoices, and other documents related to the sale of the product package. 
  
  Tips & Tricks: 
  When creating a product package, it is important to consider the customer's needs and preferences. This will help ensure that the package meets their requirements and that they are satisfied with their purchase. Additionally, it is important to keep track of any changes that are made to the product package so that it remains up-to-date. 
  
  Related Information: 
  Product packages are an important part of SAP CRM-MD Master Data. They allow customers to purchase multiple products and services at once, which can save time and money. Additionally, product packages can be customized to meet specific customer needs, making them an ideal solution for businesses looking to provide tailored solutions for their customers.