What is CEM in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

SAP Term: CEM

• Component: XAP-CQM

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

• Description: Abbreviation for Cost estimate with margin

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• Key Concepts: 
  SAP xCQM, also known as Cost and Quotation Management (CEM), is a component of the SAP ERP system. It is used to manage the cost and quotation process for goods and services. It enables companies to track costs, create quotations, and manage the entire quotation process from start to finish. 
  
  How to use it: 
  SAP xCQM can be used to create quotations for goods and services, track costs associated with those goods and services, and manage the entire quotation process from start to finish. It also provides tools for analyzing cost data, creating reports, and managing customer relationships. 
  
  Tips & Tricks: 
  When using SAP xCQM, it is important to ensure that all cost data is accurate and up-to-date. Additionally, it is important to ensure that all customer information is accurate and up-to-date in order to ensure that quotations are accurate. 
  
  Related Information: 
  SAP xCQM is part of the SAP ERP system, which includes other components such as SAP FI (Financials), SAP MM (Materials Management), SAP SD (Sales & Distribution), and SAP PP (Production Planning). Additionally, SAP xCQM integrates with other SAP components such as SAP CRM (Customer Relationship Management) and SAP SRM (Supplier Relationship Management).