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

SAP Term: opportunity initiator

• Component: XAP-CQM

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

• Description: The name of a role: Opportunity Initiator: Kicks off the process by creating the positions and starts the quote process.

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• Key Concepts: 
  Opportunity initiator is a feature of SAP xCQM Cost and Quotation Management that allows users to create and manage opportunities. It enables users to define the scope of an opportunity, set up the criteria for evaluating potential suppliers, and track the progress of the opportunity. 
  
  How to use it: 
  To use the opportunity initiator, users must first define the scope of the opportunity. This includes setting up criteria for evaluating potential suppliers, such as price, quality, delivery time, and other factors. Once the scope is defined, users can create an opportunity and invite potential suppliers to submit bids. The opportunity initiator also allows users to track the progress of the opportunity and view supplier bids. 
  
  Tips & Tricks: 
  When creating an opportunity, it is important to set clear criteria for evaluating potential suppliers. This will help ensure that only qualified suppliers are invited to submit bids. Additionally, it is important to monitor the progress of the opportunity regularly to ensure that all bids are received in a timely manner. 
  
  Related Information: 
  For more information on SAP xCQM Cost and Quotation Management, please visit https://www.sap.com/products/xap-cqm-cost-quotation-management.html