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[Music] warranties in sap business 1 can be created automatically for items that are managed by serial numbers templates can be established for each different type of warranty so you do not have to re-enter in the specific warranty information for each item lets navigate to inventory item master data to see how a warranty is set up for an item on the item master record the item must be managed by serial numbers in order to display the warranty template field on the item master the warranty template field is where you can set up different warranty templates and assign a specific template to an item when you select the ellipse in the warranty template field you will be taken to the list of contract templates currently in your system if you would like to add a new template simply select the new button at the bottom doing so will display the contract template screen you can also access the screen by going to administration setup service contract templates in the contract template setup w