Create hierarchy/classification through MDG?

Hi,

I have a scenario where product hierarchy levels and its attributes needs to be created

dynamically. Is it possible in MDG.

For Ex:

I want to create a levels such as (Food), (Beverages) and add my material Orange Juice to it.

Product (L1)
- Food (L2)
     - Beverages (L3)
           - Orange Juice 

Can I achieve this through MDG?

I saw a blog from Steffen Ulmer (https://scn.sap.com/docs/DOC-33056) where he mentioned few classifications related stuff can be

achieved through CL02 & CLHP. Is it a standard one which can be achieved through MDG? Is it an out of box feature?

Please share your thoughts?

Thanks
Bala