What is product type in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: product type

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A classification that distinguishes products. Examples of product types includes materials, intermediates, and services.

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• Key Concepts: 
  Product type in SAP SRM-Supplier Relationship Management (SRM) is a classification of products that are used to group similar items together. It is used to define the characteristics of a product, such as its size, weight, and other attributes. Product types are used to categorize products for easier management and tracking. 
  
  How to use it: 
  Product types can be created in SAP SRM by going to the “Product Types” tab in the “Products” section. Here, you can create new product types and assign them to products. You can also edit existing product types and assign them to different products. 
  
  Tips & Tricks: 
  When creating product types, it is important to consider how they will be used in the future. For example, if you are creating a product type for clothing, you may want to include attributes such as size and color. This will make it easier to search for specific items later on. 
  
  Related Information: 
  Product types are closely related to product categories, which are used to group similar products together for easier management and tracking. Product categories can be created in SAP SRM by going to the “Product Categories” tab in the “Products” section.