What is approved vendor list in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

SAP Term: approved vendor list

• Component: XAP-CQM

• Component Name: Cost and Quotation Management (SAP xCQM)

• Description: A list of manufacturers for a given material that have been approved by the customer. The approved vendor list typically includes the vendor name as well as the manufacturer part number MPN. The suppliers listed here are the sole sources of supply accepted by the customer.

Smart SAP Assistant

• Key Concepts: 
  An approved vendor list (AVL) is a list of vendors that have been pre-approved by an organization to provide goods and services. The AVL is used to ensure that only approved vendors are used for procurement activities. It also helps to streamline the procurement process by providing a list of vendors that have already been vetted and approved. 
  
  How to use it: 
  In SAP xCQM, the AVL is used to manage the list of approved vendors. It can be accessed from the “Vendors” tab in the main menu. From there, users can add, edit, or delete vendors from the list. The AVL can also be used to generate reports on vendor performance and compliance. 
  
  Tips & Tricks: 
  When creating an AVL, it is important to ensure that all vendors are properly vetted and approved before being added to the list. This will help to ensure that only qualified vendors are used for procurement activities. Additionally, it is important to regularly review and update the AVL to ensure that it remains up-to-date and accurate. 
  
  Related Information: 
  For more information on using the AVL in SAP xCQM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_xCQM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html