How to define product revision numbers in the master material data

Hi,
is it possible to define product versions or revisions in the material master data.
Example: A product is produced and is developed on through the years. Their exists a Version 1.0, 2.0 and 3.0.
Is it possible to map all of these versions to one material number or is there a versioning of products supported in another way?
Thanks
Torsten

Hi,
many, many thanks. That was exectly what I was looking for!!!
Bye
Torsten
P.S.: the different perspective on SAP NW 7.0/2004s starting from IT-Practices=>IT-Scenarios=>Usages Types is great and should not be restricted to the NW Application stack, but also to SAP ECC and its modules starting from a Business-Practice=>Business-Scenario=>relevant parts of the customizing. IS there something like that out there????

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