Pipeline stages represent the key phases a sales opportunity moves through in a CRM system, from initial lead generation to closing a deal. These stages typically include lead qualification, prospect nurturing, proposal, negotiation, and final conversion. Tracking pipeline stages helps sales teams manage deals efficiently, forecast revenue, and identify bottlenecks in the sales process. CRM platforms provide visual pipeline management tools that automate workflows, prioritize leads, and offer insights to optimize conversions. A well-structured sales pipeline ensures higher win rates and better resource allocation for businesses.