SAP SD/MM Configuration : How to Configure 'Product Hierarchy'

Sasanka used Ask the Experts™
Want to know what settings are needed for configuring 'product hierarchy'- that comes in the basic data 1 view of MM01/2/3- create/change/display material Master. Specifically, what hierarchy types are supported, in terms of cardinality.
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You can use transaction V/76 to define your own product hierarchy which then can be used in material master etc.

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