What is standard categorization in SAP MDM - SAP NetWeaver Master Data Management?

SAP Term: standard categorization

• Component: MDM

• Component Name: SAP NetWeaver Master Data Management

• Description: Process in which a standard reporting category is assigned to a product in addition to its MDS category.

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• Key Concepts: 
  Standard Categorization is a feature of SAP NetWeaver Master Data Management (MDM) that allows users to create and manage a hierarchical structure of categories and subcategories. This structure can be used to classify and organize data, making it easier to find and analyze. It also allows for the creation of custom categories and subcategories, allowing users to tailor the categorization to their specific needs. 
  
  How to use it: 
  Standard Categorization can be used in a variety of ways. It can be used to classify products, customers, suppliers, or any other type of data. It can also be used to create custom categories and subcategories for specific purposes. To use Standard Categorization, users must first create a hierarchical structure of categories and subcategories. This structure can then be used to classify data according to the user's needs. 
  
  Tips & Tricks: 
  When creating a hierarchical structure of categories and subcategories, it is important to keep the structure as simple as possible. This will make it easier for users to find and analyze data. Additionally, it is important to ensure that the categories are clearly defined so that data can be accurately classified. 
  
  Related Information: 
  For more information on Standard Categorization in SAP NetWeaver Master Data Management (MDM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use Standard Categorization effectively.