What is product family in SAP MDM - SAP NetWeaver Master Data Management?

SAP Term: product family

• Component: MDM

• Component Name: SAP NetWeaver Master Data Management

• Description: A group of product records that are related by one or more common fields and/or attributes having the same value. A product family may also have additional fields of family data, such as an image, logo, paragraph of descriptive text, or bullets of specifications.

Smart SAP Assistant

• Key Concepts: 
  Product family is a term used in SAP NetWeaver Master Data Management (MDM) to refer to a group of related products. Product families are used to organize and manage product data, such as product descriptions, pricing, and availability. Product families can be used to create product hierarchies, which can be used to analyze and report on product performance.
  
  How to use it: 
  Product families can be created in SAP NetWeaver MDM by defining the characteristics of the products that make up the family. These characteristics can include product type, brand, size, color, and other attributes. Once the product family is created, it can be used to organize and manage product data in SAP NetWeaver MDM.
  
  Tips & Tricks: 
  When creating a product family in SAP NetWeaver MDM, it is important to consider how the products in the family are related. This will help ensure that the product family is organized in a way that makes sense for reporting and analysis purposes.
  
  Related Information: 
  Product families are closely related to product hierarchies, which are also used in SAP NetWeaver MDM. Product hierarchies are used to organize products into categories and subcategories for reporting and analysis purposes.