Product Library Properties

Where

You find the function in the Product library tab.

How

You use the function the following way: 

Step 1: Start the function by clicking on it.

Step 2: To see information about the object click on the object you want to change or add information to.

Step 3: You can see existing properties in the pop-up window (see picture below).

Step 4: Click on the value tabs to change information.

Step 5: Click Oppdater to save information to an object.

Now, the product will contain the new information.