T-Code SXMB_IFR: Launch the PI Home page.
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Enter SXMB_IFR from SAP GUI, open the PI home page, and Click the “System Landscape Directly”
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Click “Product”
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Click “New”
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Select “Create a new product and version”
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Maintain the product name and version
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Maintain the instance name
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Maintain the software component version
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Clike “Finish”, and it’s seccusefully to create product and version, and software component version.