What is product change in SAP FS-MCM - Master Contract Management?

SAP Term: product change

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: A business object that depicts the transition of a contract's source product to a target product. The target product can be a new product version of the source product or a completely different product. The system always chooses the valid product version of the target product. Product changes can be carried out for the following contract specializations: Account Card Card pool The product change function consists essentially of rules that define whether the characteristic values of the attributes of the source contract or those of the target product are to take precedence. Historical data of the contract is not affected. Central data such as the business partner or the internal contract number of the account contract is excluded from the product change. In the Account Management system, changes to the contract basis are managed as an order by Order Management. Flagging the product change is depicted by activating the order and actually changing the product is depicted by ex

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• Key Concepts: 
  Product change is a feature of the FS-MCM Master Contract Management component of SAP. It allows users to make changes to existing products and services in a contract, such as changing the quantity, price, or delivery date. This feature helps to ensure that contracts are up-to-date and accurate.
  
  How to use it: 
  To use the product change feature, users must first open the contract in the FS-MCM Master Contract Management component. Then, they can select the product or service they wish to change and make the necessary adjustments. Once all changes have been made, users can save the contract and the changes will be reflected in the system.
  
  Tips & Tricks: 
  When making changes to a contract, it is important to double-check all information before saving. This will help ensure that all changes are accurate and up-to-date. Additionally, it is important to keep track of all changes made to a contract so that they can be easily referenced in the future.
  
  Related Information: 
  For more information on product change in SAP FS-MCM Master Contract Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FS_MCM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html