How do I set up managed metadata navigation in SharePoint?

Create Your Managed Metadata Navigation Hierarchy:
Establish a hierarchical structure that groups related content items together.
Configure Your Taxonomy Term Sets:
Utilize Term Sets to organize your navigation structure, allowing users to quickly find the content they need.
Map Your Metadata Navigation to SharePoint Lists and Libraries:
Assign navigation options to SharePoint lists and libraries to let users explore content using filters.
Provide Context and Navigation Instruction to Your Users:
Offer users a brief overview of the managed term set structure to make sure they understand how to navigate the content.