SCM Episode 3 Configure product and product master in D365FO

Dynamics 365 Finance and Operations (D365 FO) uses the terms "product" and "product master" in slightly different contexts, but they are closely related.

Product Master:

The product master is a central repository of information about all products offered by an organization.
It contains detailed information about each product, including:
Product number
Description
Category
Unit of measure
Price
Inventory information
Related items (e.g., accessories, components)
The product master serves as the foundation for various business processes, such as sales, purchasing, and inventory management.
Product:

A product refers to a specific instance of a product master record.
It represents a unit of a product that is sold or used in the organization.
Products can have unique attributes, such as batch numbers, serial numbers, or expiration dates.
Products are linked to the product master record to access the relevant product information.
Relationship between Product and Product Master:

The product master is the template or blueprint for all products.
Individual products are instances of the product master, inheriting its attributes and characteristics.
Changes made to the product master are automatically reflected in all associated products.
In summary:

The product master is a central repository of product information.
Products are individual instances of the product master.
The product master provides a foundation for managing and tracking products throughout their lifecycle.