For example, a monthly report for April (A) will be superseded by a report in May (B) that is later superseded by a report in June (C), and so on.
The supporting content type of relationship for an item with embedded content can also be used.
The supersede type causes the previous content item to become obsolete.
A supersedes relationship creates a hierarchy chain between items.
Relationships are based on one of four available Relationship Classes.
Several Predefined Relationship Types are also provided but custom relationship types can be added to suit the need of the site environment.
Permissions: You can create relationships between items only to which you have access.