Initially I published an article Working with Managed Metadata in SharePoint 2010 here I want to illustrate some core functionality that is available when you want to manage Managed Metadata. In the Site Settings select "Term store management" item: Then select the term set you would like to manage. In my scenario I want to create a term set to store Document Categories. For example I have two categories: Accounting, Technical. So first I select a metadata group that you want to update and select "New Term Set" command: I call it Document Categories and Save it. Then I select this new term set and choose "Create Term" command: To create "Accounting" term: Then create as many terms as I want to get Accounting and Technical as I wanted: You can also do other command with your terms - Copy, Reuse, Merge, Deprecate, Move, Delete: After that I add Managed Metadata to my content type that I use for documents, select Document Categ
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