What is product model level in SAP FS-PM - Policy Management?

SAP Term: product model level

• Component: FS-PM

• Component Name: Policy Management

• Description: A level in the hierarchical product structure such as sales product, product, elementary product.

Smart SAP Assistant

• Key Concepts: 
  Product Model Level is a feature of the FS-PM Policy Management component of SAP. It is used to define the structure of a product model, which is a representation of a product or service that can be used to create and manage policies. The product model level defines the hierarchy of the product model, which includes the different levels of the product and their associated attributes. 
  
  How to use it: 
  The product model level is used to define the structure of a product model. This includes defining the different levels of the product and their associated attributes. The product model level can also be used to define relationships between different levels of the product model, such as parent-child relationships. 
  
  Tips & Tricks: 
  When creating a product model, it is important to consider how the different levels of the product will interact with each other. This will help ensure that all levels are properly linked and that all attributes are correctly assigned. Additionally, it is important to consider how changes in one level may affect other levels in order to ensure that all changes are properly reflected in the product model. 
  
  Related Information: 
  For more information on FS-PM Policy Management, please refer to SAP's official documentation at https://help.sap.com/viewer/product/FS-PM/latest/en-US. Additionally, for more information on creating and managing policies using FS-PM Policy Management, please refer to SAP's official documentation at https://help.sap.com/viewer/product/FS-PM/latest/en-US/policies_overview.html.