Issue: I had a list containing some managed metadata columns bound to the respective term sets. I populated some items in the list. Then I went to the Term Store and modified a value of term that was used in one of the item. But when I went back to the list item, it was still showing the previous term only.
Reason: When doing any changes in the term store, there is a timer job called “Taxonomy Update Scheduler” that runs in background and synchronize the changes with the sites. So it will update the modified terms in the respective sites once it would run.
Solution: You can check the status of this Taxonomy Update Scheduler timer job by following below steps:
· Go to Central Administration.
· Click on Monitoring on left navigation.
· Then Under Timer Job Section, click on Check Job Status.
· Then Under Timer Links heading on left navigation click on Scheduled Jobs.
· On Top Right Side, under view selects Web Application and choose your web application.
· You can find Taxonomy Update Scheduler Job from the list of specified jobs.
So there you can configure how frequently you want it to run according to your needs but generally it is configured to run every hour.
Once it runs, you can go back to the list item and check it would contain the modified term value.