You can regard a configurable product as a “template” product which contains a collection of attributes which could be freely chosen by customer to produce a concrete product.
For example, the product DSG1219 is a configurable product which contains a product model:

SAP CRM settype COMM_PROD_VAR

This model defines a series of attributes which allows customer to specify by themselves:

SAP CRM settype COMM_PROD_VAR

The concrete product produced by this template product DSG1219 could be found from assignment block below:

SAP CRM settype COMM_PROD_VAR
SAP CRM settype COMM_PROD_VAR

The relationship between template product and concrete product is maintained by settype COMM_PROD_VAR as displayed below:

SAP CRM settype COMM_PROD_VAR

You can either create variant attributes in CRM from scratch or download them from ERP system. See one example of variant attribute modeled in ERP system:

SAP CRM settype COMM_PROD_VAR
SAP CRM settype COMM_PROD_VAR

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SAP CRM settype COMM_PROD_VAR

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