Contract Management for CCM 1.0 items ? (Not in backend)

Hi guys,
I would like to enable Contract Management (Local & Global) in my SRM 4.0 sp8 environment.    However, 90% of the catalog items in CCM (4,000 articles aprox) do not exist in the backend.   
My very simple question is: Should I create all this 4000 items in the backend in order to enable contract management in SRM ?
Thanks for your valuable help guys !
BR.
Diego

Hello Shantanu Joshi
Your business scenario is standart MDM functionality
More about how it works you can read from:
MDM overview
and standart help links (see scenarios part):
http://help.sap.com/saphelp_mdm550/helpdata/en/43/D7AED5058201B4E10000000A11466F/frameset.htm
http://help.sap.com/saphelp_nwmdm71/helpdata/en/43/D7AED5058201B4E10000000A11466F/frameset.htm
Regards
Kanstantsin

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