Warranty Tracking for Sold Finished Goods( with Components)

Summary:

The Organization creates finished goods which is sold to the end
customer and accompanies a warranty for the finished product and wants to track
the warranty to ensure it is entitled for warranty when asked and also follow
up on the extension.

Question:

Do we have a
traditional way of doing the same through Order Management or do we need
Subscription Management to handle Warranty and tracking in Oracle?