What is object type in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: object type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Business element that can be assigned to a valuation. Object types can be classified as: Higher-level object types For example, a contract. Lower-level object types For example, contract components, tariffs, product information.

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• Key Concepts: 
  Object type is a term used in SAP ICM Incentive and Commission Management (ICM) to refer to the type of object that is being managed. It can be a customer, product, or any other type of object that is being tracked in the system. Object types are used to define the structure of the data and how it is stored in the system. 
  
  How to use it: 
  Object types are used to define the structure of the data and how it is stored in the system. They are used to create objects, such as customers, products, or any other type of object that is being tracked in the system. Object types can also be used to define relationships between objects, such as customer-product relationships. 
  
  Tips & Tricks: 
  When creating an object type, it is important to consider how it will be used in the system. For example, if you are creating a customer object type, you should consider what information needs to be stored about each customer and how it will be used in the system. 
  
  Related Information: 
  Object types are closely related to data models, which are used to define how data is structured and stored in the system. Data models are used to define relationships between objects and how they interact with each other. Understanding data models can help you better understand how object types work in SAP ICM Incentive and Commission Management (ICM).