What is product module in SAP FS-PM - Policy Management?

SAP Term: product module

• Component: FS-PM

• Component Name: Policy Management

• Description: Product modules are created in basis folders in product libraries, based on product classes defined in the product model. A product module therefore represents an instance of a product class with all properties. The properties relationships, attributes, characteristics, methods of product modules are also known as product data. Product modules can be time-dependent, then they contain generations and adjustment levels. For time-independent product modules, the product data is assigned directly to the product module. Time- dependent product modules have one product data record for each adjustment level.

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• Key Concepts: 
  Product module is a component of the SAP FS-PM Policy Management system. It is used to manage and maintain product information, such as product descriptions, pricing, and availability. It also provides a platform for creating and managing product-related documents, such as contracts and agreements. 
  
  How to use it: 
  The product module in FS-PM Policy Management allows users to create and manage product information. This includes creating product descriptions, setting pricing, and managing availability. It also provides a platform for creating and managing product-related documents, such as contracts and agreements. 
  
  Tips & Tricks: 
  When creating product descriptions, it is important to include all relevant information in order to ensure accuracy. Additionally, it is important to keep pricing up-to-date in order to remain competitive in the market. 
  
  Related Information: 
  The product module in FS-PM Policy Management is closely related to other components of the system, such as the customer module and the contract module. These components work together to provide a comprehensive solution for managing product information and related documents.