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

SAP Term: opportunity

• Component: XAP-CQM

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

• Description: An object created by the account manager when an incoming RFQ is entered in the system. At this point, the details of the incoming RFQ are extracted, but no decision has yet been made whether to file or pursue the business opportunity.

Smart SAP Assistant

• Key Concepts: 
  Opportunity in SAP xCQM is a feature that allows users to create and manage quotations for customers. It enables users to track the progress of a quotation, from the initial request to the final delivery. The opportunity also allows users to compare different quotations and select the best one for the customer. 
  
  How to use it: 
  To use the opportunity feature in SAP xCQM, users must first create an opportunity. This can be done by entering customer information, such as name, address, contact details, and product requirements. Once the opportunity is created, users can then add quotations to it. Quotations can be created manually or imported from external sources. Once all the quotations are added, users can compare them and select the best one for the customer. 
  
  Tips & Tricks: 
  When creating an opportunity in SAP xCQM, it is important to provide as much detail as possible about the customer and their requirements. This will help ensure that the quotations are accurate and tailored to their needs. Additionally, it is important to keep track of all changes made to an opportunity, as this will help ensure that all quotations are up-to-date and accurate. 
  
  Related Information: 
  For more information on using the opportunity feature in SAP xCQM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_xCQM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html