What is 'elementary product package' in SAP FS-PM - Policy Management?

elementary product package - Overview

• Component: FS-PM

• Component Name: Policy Management

• Description: Additional level for the product model that is situated between the product and the elementary product. This enables you to map multiple groupings for elementary products within a product.

elementary product package - Details

• 
  Key Concepts: 
  An elementary product package is a component of the FS-PM Policy Management module in SAP. It is a collection of products and services that are bundled together to create a single product offering. This package can be used to create a comprehensive policy management solution for an organization. 
  
  How to use it: 
  The elementary product package can be used to create a policy management solution for an organization. It allows users to define the products and services that are included in the package, as well as the pricing and terms associated with each product or service. The package can then be used to create a comprehensive policy management solution that meets the needs of the organization. 
  
  Tips & Tricks: 
  When creating an elementary product package, it is important to consider the needs of the organization and ensure that all products and services included in the package are relevant and necessary. Additionally, it is important to ensure that the pricing and terms associated with each product or service are competitive and fair. 
  
  Related Information: 
  The FS-PM Policy Management module in SAP also includes other components such as policy templates, policy rules, and policy documents. These components can be used in conjunction with the elementary product package to create a comprehensive policy management solution for an organization.