LCM Cycle for Pre-Receiving

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 : Freight = 463.14 , Insurance =265.00

Estimated Charges

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