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Oracle Solution for Assigning Items to Multiple Product Familes?

Summary:

For Oracle Cloud what is the solution for assigning items to multiple product families that will also scale over time?

We only use PIM now.

Content (please ensure you mask any confidential information):

The on-premise app use to have a Category for Product Family and key flexfield could be multiple segments. This supported 1 to Many and value set could scale. This no longer exists.

Item Classes does not seem to support this.
What is the seeded solution as I am sure many companies have parts that are shared across product families.

Version (include the version you are using, if applicable):

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