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

SAP Term: sourcing bin

Component: XAP-CQM
Component Name: Cost and Quotation Management (SAP xCQM)
Description: The environment for a quote team member QTM assigned to work on the material cost section. In the sourcing bin, you can view the components selected in the sourcing preparation view and export them to an offline file for example, Excel. You can also upload supplier responses directly and display the sourcing results.

Key Concepts: A sourcing bin is a feature of SAP xCQM Cost and Quotation Management that allows users to store and manage multiple quotations from different suppliers. It enables users to compare different quotations and select the best one for their needs. The sourcing bin also allows users to track the status of each quotation, such as whether it has been accepted or rejected. How to use it: To use the sourcing bin, users must first create a new quotation request in SAP xCQM. This request can be sent to multiple suppliers, who will then submit their quotations. The quotations can then be stored in the sourcing bin, where users can compare them and select the best one. Once a quotation is accepted, it can be moved from the sourcing bin to the purchase order. Tips & Tricks: When comparing quotations in the sourcing bin, users should consider not only price but also other factors such as delivery time and quality of service. This will help ensure that the best quotation is selected for each purchase order. Related Information: For more information on using the sourcing bin in SAP xCQM, please refer to the official SAP documentation.

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