Hello Joseph,
Regarding Configuration part I can tell you based on the scenario you are going to implement for your client. Also regarding above configuration I can tell you to follow this below document as I hope most of the users go with this document
http://books.google.se/books?printsec=frontcover&id=LdTDYks7rbwC&redir_esc=y#v=onepage&q&f=false
Also , it depends upon the business function which you activate its nothing like default in SRM. You have to activate the business function as per your requirement.
Thanks
Gaurav Gautam