What is engineering change order in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

SAP Term: engineering change order

• Component: XAP-CQM

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

• Description: A customer-initiated change that impacts a product already in a productive environment.

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• Key Concepts: 
  Engineering Change Order (ECO) is a feature of SAP xCQM Cost and Quotation Management that allows users to make changes to existing engineering documents. This includes changes to drawings, bills of materials, and other related documents. ECOs are used to track and manage the changes made to engineering documents, ensuring that all stakeholders are aware of the changes and that they are properly implemented. 
  
  How to use it: 
  To use ECOs in SAP xCQM Cost and Quotation Management, users must first create an ECO document. This document should include the details of the change being made, such as the affected documents, the reason for the change, and any other relevant information. Once the ECO document is created, it must be approved by all stakeholders before it can be implemented. Once approved, the changes can be made to the affected documents. 
  
  Tips & Tricks: 
  When creating an ECO document, it is important to include as much detail as possible. This will ensure that all stakeholders are aware of the changes being made and that they are properly implemented. Additionally, it is important to ensure that all stakeholders approve the ECO document before any changes are made. 
  
  Related Information: 
  For more information on using ECOs in SAP xCQM Cost and Quotation Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use ECOs in SAP xCQM Cost and Quotation Management.