What is family code in SAP CRM-MKT - Marketing?

SAP Term: family code

• Component: CRM-MKT

• Component Name: Marketing

• Description: A three-character code that represents a subgroup in the product hierarchy. The family code can be used at the POS to identify the products advertised by a coupon.

Smart SAP Assistant

• Key Concepts: 
  Family code is a feature in SAP CRM-MKT Marketing that allows users to group products and services into categories. This helps to organize and manage products and services more efficiently. It also allows users to quickly identify related products and services. 
  
  How to use it: 
  To use family code, users must first create a family code in the system. This can be done by navigating to the “Family Code” tab in the CRM-MKT Marketing module. Once the family code is created, users can assign products and services to it. This can be done by selecting the “Assign Products/Services” option from the “Family Code” tab. 
  
  Tips & Tricks: 
  When creating a family code, it is important to give it a descriptive name that accurately reflects the products and services that will be assigned to it. This will make it easier for users to quickly identify related products and services. 
  
  Related Information: 
  Family codes can also be used to create product bundles, which are collections of related products and services that are sold together at a discounted price. This can be done by selecting the “Create Product Bundle” option from the “Family Code” tab.