What is product group in SAP LO-LIS - Logistics Information System (LIS)?

SAP Term: product group

• Component: LO-LIS

• Component Name: Logistics Information System (LIS)

• Description: A collection of materials defined by user criteria. These can be products, for example, from a similar product group, or, they may be finished products produced on the same machine when there is a bottle-neck. A product group can be single-level or multi-level. Product groups are multi-level if they include products from other product groups. However, the lowest product group in the hierarchy must contain materials.

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• Key Concepts: 
  Product groups are a component of the Logistics Information System (LIS) in SAP. They are used to group together similar products and materials for easier management and tracking. Product groups can be used to classify products by type, size, color, or any other criteria that is relevant to the business. 
  
  How to use it: 
  Product groups can be created in the SAP system by going to the Logistics Information System (LIS) menu and selecting “Product Groups”. From there, users can create new product groups and assign products or materials to them. Product groups can also be modified or deleted as needed. 
  
  Tips & Tricks: 
  When creating product groups, it is important to consider how they will be used in the future. For example, if a product group is created for a specific type of product, it should be easy to identify which products belong in that group. Additionally, product groups should be kept up-to-date with any changes in the business so that they remain relevant and useful. 
  
  Related Information: 
  For more information on product groups in SAP, please refer to the official SAP documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for working with product groups in SAP.