MDM for Retail Hierarchies

Hello,
We are planning to implement SAP-MDM as master data solution for retail hierarchy management.  By retail hierarchies, I mean, lcoation hierarchy, merchandizing (product) hierarchy, time hierarchy etc.  Each of these hierarchies have 4-8 levels, and have 10-40 attributes at each of the level.  The business requirement is to create, maintain, and distribute the hierarchy data. 
1) There are requirements around validating the attribute values for required vs. non required (by business unit, for instance?), drop down vs. free form text field, text length, text vs. numeric;
2) Then there are requirements around security that apparel user cannot update hierarchy for footwear products; an in-line user cannot update a promotional product; in-line and promotional are values of a node.
3) Then there are audit requirements on who made what change when.
Q1: Has anyone done retail hierarchies in MDM so far?  If so, any tips/tricks or learnings you had?  I know MDM can meet all the validation, security, audit requirements for fields; are the same available at taxonomy attribute level?
I am also planning to use Retail artcile (out of the box) repository as the base, and add the retail hierarchy taxonomy on top of that. 
Q2: Does anyone have field meanings, descriptions or notes for the tables and fields in the retail article repository?  f you have, could you please share them with me soon?
My deadline for finishing the prototype and doing a demo is next Friday.
Thank you in advance
Savi

Yes , Equipment master can be modeled in SAP MDM through the use of a custom repository as out-of-box business contents are not provided by SAP . Recently I came across an opportunity where they wanted to implement MDM for equipment master due to following reasons :
Maintain a complete Equipment/Location wise hierarchy at a central place
To be able to consolidate similar equipments across plants
Cleanse existing Equipment masters
Effective data management (Search , Author , Update etc.)
Regards,

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