SAP Help:
https://help.sap.com/saphelp_crm700_ehp01/helpdata/en/46/d61d5a7fa02709e10000000a11466f/frameset.htm

Maintaining the object list of a service contract item gives you the option to display the contract services for objects or object hierarchies installed at the customer site.

For example: You agree to a 5*8 hours hotline as a service for a network installation at the customer site. The network installed base(2844) is entered in the object list of the contract item.

How to assign Service Contracts to Installed Bases

From installed base management, you can navigate to the appropriate contract according to the assignment.

How to assign Service Contracts to Installed Bases

Meanwhile, In the object list, enter the installed base components, has the same effect.
For example:
The network component ID (2844) is entered in the object list of the contract item.

How to assign Service Contracts to Installed Bases
How to assign Service Contracts to Installed Bases

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How to assign Service Contracts to Installed Bases

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