What is business partner type in SAP SRD-MD-BP - FDN-Business Partner?

SAP Term: business partner type

• Component: SRD-MD-BP

• Component Name: FDN-Business Partner

• Description: The classification of a business partner that depends on his role and the business processes in which he is used. Business partner types are, for example, an account or supplier.

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• Key Concepts: 
  Business partner type is a component of the SAP system that defines the characteristics of a business partner. It is used to classify business partners into different categories, such as customers, vendors, and employees. The component also defines the data fields that are associated with each type of business partner. 
  
  How to use it: 
  The business partner type component can be used to create and maintain different types of business partners in the SAP system. It allows users to define the characteristics of each type of business partner, such as their name, address, contact information, and other relevant data. Additionally, users can assign different roles to each type of business partner, such as customer or vendor. 
  
  Tips & Tricks: 
  When creating a new business partner type, it is important to ensure that all relevant data fields are included in the definition. This will ensure that all necessary information is captured when creating a new business partner. Additionally, it is important to ensure that the roles assigned to each type of business partner are appropriate for their purpose. 
  
  Related Information: 
  The SAP system also includes other components related to business partners, such as customer master data and vendor master data. These components can be used to store additional information about each type of business partner, such as their payment terms and credit limits. Additionally, the SAP system includes components for managing relationships between different types of business partners, such as customers and vendors.