What is classification type in SAP SLC-CLS - Supplier Classification?

SAP Term: classification type

• Component: SLC-CLS

• Component Name: Supplier Classification

• Description: A property of a classification profile. Purchasing companies can use classification types to categorize classification profiles, for example according to their purpose.

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• Key Concepts: 
  Classification type is a feature of the SLC-CLS Supplier Classification component in SAP. It is used to classify suppliers according to their characteristics, such as size, industry, and location. This classification helps to identify suppliers that meet certain criteria and can be used for reporting and analysis. 
  
  How to use it: 
  In order to use the classification type feature, you must first create a classification type in the SLC-CLS Supplier Classification component. This can be done by selecting the “Create Classification Type” option from the menu. Once the classification type has been created, you can assign suppliers to it by selecting the “Assign Suppliers” option from the menu. 
  
  Tips & Tricks: 
  When creating a classification type, it is important to consider how it will be used. For example, if you are creating a classification type for size, you may want to include categories such as small, medium, and large. Additionally, you should consider how often the classification type will need to be updated in order to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  For more information on using the SLC-CLS Supplier Classification component in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on using this component.