While talking about products, we generally refer to goods, which are purchased, produced or sold. Those products can be both, physical objects or immaterial values.
Products often require industry or goods specific properties and may vary strongly form one type of good to another. For example, perishable goods from the food industry are very different from construction materials, textile or services. This data model intents to cover the most common properties across all products and serve as a generic base model. It is however extendable for individual applications.
As an open standard we are of course trying to be compatible with existing models out there. So for this model other industry standards were analyzed. If you are interested in learning more about the concepts behind this model, check out the workgroup on GitHub.
Do you have ideas, requirements or suggestions? Let us know and help to make this model more powerful.