What is quote funnel in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: quote funnel

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: A representation of the orders that originate from a quote.

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• Key Concepts: 
  Quote Funnel is a feature of SAP Customer Relationship Management (CRM) that allows users to track and manage the progress of sales quotes. It provides an overview of the entire sales process, from initial contact to final closure. The Quote Funnel also allows users to monitor the progress of each quote and identify any potential issues or delays. 
  
  How to Use it: 
  To use the Quote Funnel, users must first create a quote in SAP CRM. Once the quote is created, it will be added to the Quote Funnel. The Quote Funnel will then provide an overview of the entire sales process, including the status of each quote and any potential issues or delays. Users can then use this information to make adjustments to their sales process and ensure that quotes are closed in a timely manner. 
  
  Tips & Tricks: 
  When using the Quote Funnel, it is important to keep track of all quotes and their progress. This will help ensure that quotes are closed in a timely manner and that any potential issues or delays are identified and addressed quickly. Additionally, it is important to regularly review the Quote Funnel to ensure that all quotes are progressing as expected. 
  
  Related Information: 
  For more information on using the Quote Funnel in SAP CRM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for using the Quote Funnel more effectively.