Oracle Lended Cost Mangement (LCM)

Create Purchase Order (Purchasing)

Create landed Cost Shipment /Estimated Charges (Landed Cost Management)

-          Operating Unit

-          Receiving Location

-          Select Shipment Type

-          Shipment Date

-          Enter Group reference

-          Source Type (Purchase Order)

-          Third Party (Supplier Name)

-          Third Party Site ( Supplier Site)

-          Click Save

-          Click on lines

-          Select Purchase Order

-          Click Go

-          Select check box

-          Enter quantity

-          Action : Generate Charges

-          Click Go

-          Save

-          Action manage Charges

Update Estimated Cost

-          Update Estimated amounts or add new cost type/different supplier / different currency/ association

-          For association , you can select Type (Line Group – Shipment – Shipment Line)

-          Click apply

-          Actions : Validate

-          Actions : calculate

-          Actions : View Landed Cost

-          Goods                   : 2125.72 = PO Price , Unit Price = 1107.86

-          Estimated Charges            : Freight = 463.14 , Insurance =265.00

-          New Unit Price     : 1471.93

-          Click Unit Landed Cost To see landed cost detail with Pie Graph

Click On Return to shipment Heirarchy

Click Submit

Now it is ready for receiving

Create Inventory Receiving transactions(Inventory)

1-      Create Receipt Transactions for LCM Source Type

Create Standard Invoice (Accounts Payables)

1-      Create Standard Invoice and Match with the Receipt

From Lines

Enter actual Amounts for Each Amounts ( Item – Charges (Freight – Miscellaneous))

Cost Factors

Receipt Number

Action : Validate

Action : Pay in full

Action : Create Accounting

Review Actual charges (Landed Cost)

1-      Create Standard Invoice and Match with the Receipt

Close this window

Run request : Match Interface import

After Completed Normal

You will find the Pending Matching Is Yes

Close the window and run request : Submit Pending Shipments

After Completed Normal,  Pending matching will converted to No

Then view Final Landed Cost Status

Select : View Landed Cost

Click Go