What is product type in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: product type

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A classification of the financial instruments managed in the SAP system. Using the product type, you control the structural characteristics such as condition types and flow types that are assigned to individual instruments in the SAP system. You also define control parameters for transaction management such as processing categories and status transfers using the product type.

Smart SAP Assistant

• Key Concepts: 
  Product type is a feature of the Transaction Manager component of SAP Financial Supply Chain Management (FSCM). It is used to define the characteristics of a product, such as its type, size, and weight. This information is then used to determine the cost of the product and how it should be handled in the system. 
  
  How to use it: 
  Product types are created in the Transaction Manager component of SAP FSCM. The user must enter the product type name, description, and other relevant information. Once created, the product type can be assigned to products in the system. This will allow for accurate pricing and handling of the product. 
  
  Tips & Tricks: 
  When creating a product type, it is important to ensure that all relevant information is entered accurately. This will ensure that the product is priced and handled correctly in the system. Additionally, it is important to keep track of all product types that have been created in order to avoid duplicates. 
  
  Related Information: 
  The Transaction Manager component of SAP FSCM also includes features such as pricing rules and payment terms. These features can be used in conjunction with product types to ensure accurate pricing and handling of products in the system.