Terms and Glossary

This guide covers the key terminologies and vocabularies of extended product management features. 

CONTENTS

• Product Group
• Main Product Group
• Product/Normal Product
• Main Product
• Model
• Temporary Product
• Subproduct
• Composite Product
• Physical Product
• Virtual Product
• Sellable Product
• Storable Product

Product Group

• Used for grouping products.
• A product can be assigned to one product group.
• In extended product management, it is possible to create hierarchical product groups and create value sets from attributes for the product group. More information: Hierarchical Product Groups

Main Product Group

• A product group at the root level in the product group hierarchy.

Product/Normal Product

• A sellable and/or storable service or product.
• Usage locations are sales invoices, sales orders, purchase orders, inventory management, etc.
• If subproducts are added to a product in extended product management, the product also becomes a composite product.
• When attributes are assigned to a product and models are formed from these attributes, the product becomes a main product and is no longer storable/sellable. Models are storable/sellable.
• Product View

Main Product

• Used only in extended product management
• If attributes are added to a product and models are formed, the product becomes a main product.
• No usage locations
• If subproducts are added to a main product, the product also becomes a composite product. The created models inherit the subproduct hierarchy of the main product.
• Product View

Model

• Only in extended product management
• A sellable and/or storable service or product
• Usage locations are sales invoices, sales orders, purchase orders, inventory management, etc.
• A model is always formed from the attributes of a main product.
• A model inherits some of its values from the main product, and some values are common to all models of the main product through the main product.
• If subproducts are added to a model, the model also becomes a composite product

Temporary Product

• A product used when a corresponding product is not found in the product register.
• Usage locations are sales invoices, sales orders, purchase orders, etc., but not, for example, inventory management

Subproduct

• When a product or model is connected as part of a composite product structure, it becomes a subproduct.
• A subproduct can also be a composite product at the same time.

Composite Product

• When subproducts are connected to a product, main product, or model, it becomes a composite product
• A composite product can also be a subproduct at the same time.
• For example, a table could be constructed from a tabletop and legs

Physical Product

• A composite product to be manufactured.
• Storable, the inventory quantity of subproducts decreases at the time of construction.

Virtual Product

• A non-storable composite product.
• The subproducts of a virtual product are storable, but the product item itself is not storable; instead, the product is assembled from other products at the time of use.

Sellable Product

• Only sellable products can be used in accounts receivable.
• Only these products have sales prices
• Can be of type physical or virtual product

Storable Product

• Inventory events are created only for storable products.
• Of type physical product, cannot be virtual

 Keywords: product, model, storable product, product group, vocabulary, terms

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