How to configure LCM(Landed Cost Management) or Setup steps for LCM configuration(Pre-Receiving and LCM as Service or Black Box))

LCM SETUP STEPS

Step 1: Create New Account Code
             For Example like as shown below:

Step 2: Define Child Range

Step 3:  Set Profile Option as Follows

QP: Blind Discount Option as Yes at Application Level (Oracle Landed Cost Management) .
QP: Licensed for Product as Purchasing at Application Level (Oracle Landed Cost Management) .
QP: Pricing Perspective Request Type as Purchase Order at Application Level (Oracle Landed Cost Management) .
QP: Pricing Transaction Entity as Procurement at User Level.
QP: Source System Code as Oracle Purchasing at User Level.
INL: Default Shipment Type for Open Interface as per your set up.(After Completion of Shipment Type Setup)
INL: Volume UOM Class
INL: Quantity UOM Class
INL: Weight UOM Class
INL: Default Currency Conversion Type for QP Charges Generation
Choose the functional currency or for others currencies, a conversion rate should be recorded in "Daily Rates" form (Setup->Currency->Rates->Daily) using Conversion Type .

Step 4: Define Cost Factors
Oracle Purchasing-->Setup-->Purchasing-->Cost Factors-->Create

Step 5: Modifier Setup

           Purchasing-->Advanced Pricing-->Modifier

        

Step 6: Define LCM Shipment Line Type

Step 7: Define LCM Shipment Type

 In Party Type Allowed TAB in Party Type select the value as Organization.

 In Party Usages Allowed TAB in Party Usage select the value as Supplier.

 In Source Type Allowed TAB in Source Type  select the value as Purchase Order.

Step 8: Define New Organization with LCM check Box ON

Step 9: Receiving Option: Check Pre-Receiving in LCM box for Pre receiving type LCM. 

Step 10: Open Period for New Organization.

Step 11: Assign Item to the new Inventory Org.

Step 12: Define LCM Options

              LCM-->Setup-->Options

Note: For Service type LCM, uncheck the Pre-Receiving check box at Receiving Option setup. Other set up are same.