What is business utilization category in SAP FS-MCM - Master Contract Management?

SAP Term: business utilization category

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: A classification of utilization. There are two categories: Nominal utilization Effective utilization Business processes relevant for utilization can be relevant for effective utilization, nominal utilization, or both. Interfaces to change utilization are usually defined separately for each business utilization category.

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• Key Concepts: 
  Business utilization category is a feature of the FS-MCM Master Contract Management component of SAP. It is used to classify and categorize contracts according to their purpose and usage. This helps to ensure that contracts are managed in an organized and efficient manner. 
  
  How to use it: 
  The business utilization category feature can be used to assign a contract to one or more categories. This allows users to easily search for contracts based on their purpose or usage. Additionally, the categories can be used to generate reports that provide insights into the usage of contracts. 
  
  Tips & Tricks: 
  When creating a new contract, it is important to assign it to the appropriate business utilization category. This will ensure that the contract is properly categorized and can be easily found when needed. Additionally, it is important to keep the categories up-to-date so that they accurately reflect the purpose and usage of contracts. 
  
  Related Information: 
  For more information about the FS-MCM Master Contract Management component of SAP, please visit the official SAP website at https://www.sap.com/products/master-contract-management.html. Additionally, there are many online resources available that provide detailed information about how to use this component of SAP.