How to do a 301 Redirect for Deleted and Disabled products?

Hello,

I am sure this is built in feature to magento 2.4.5.? But I have no idea how to use it. It is further confusing because the products I want to redirect are in multiple categories. Is it possible for me to pick the category to redirect it to?

Any step by step guide? I tried a few times and failed.

Can we still 301 redirect if we delete the product?

I have to do this for SEO purposes, as some of these products have backlinks.