What is Product Groups in SAP SRD-SCM-MD - SCM-Master Data?

SAP Term: Product Groups

• Component: SRD-SCM-MD

• Component Name: SCM-Master Data

• Description: A work center view where you can create a hierarchy of groups that you can use to structure products in forecasting, planning, production, and storage.

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• Key Concepts: 
  Product Groups are a way of organizing products in SAP. They are used to group similar products together, making it easier to manage and track them. Product Groups can be used to categorize products by type, size, color, or any other criteria that is important to the business. 
  
  How to use it: 
  Product Groups can be created in the SAP system by going to the SRD-SCM-MD SCM-Master Data menu. From there, you can create a new Product Group and assign products to it. You can also edit existing Product Groups and add or remove products from them. 
  
  Tips & Tricks: 
  When creating Product Groups, it is important to think about how they will be used in the future. It is best to create groups that are easy to understand and that will make sense for the business. It is also important to keep the groups up-to-date as new products are added or removed from the system. 
  
  Related Information: 
  For more information on Product Groups in SAP, please refer to the SAP Help documentation. There you will find detailed instructions on how to create and manage Product Groups in the system.