Hi
I have a requirement where controllers will enter the Product costs in Factory currency. (Products are manufactured in different counties). Has anyone implemented similar requirement? Could you please share your thoughts?
The solution I have in mind is to create
1. a property 'Currency' in 'Product dimension'
2. a dummy currency say ‘Dummy’ in 'Currency dimension'.
Create a Layout with Products in rows and Time in column and displaying values of currency property type with EPMmemebrproperty function.
Ask the controller's to enter the costs for each Product against Currency- 'Dummy' instead of Local Currency 'LC'
Eg:
ID Currency Jan.13
Product A EUR 100
Product B SWK 50
Product C DKK 30
ie
Product A manufacturing cost is 100 Euros, Product B manufacturing cost is 20 Swedes Krona etc
Write a script logic such that based on 'Currency' property of 'Product dimension', Lookup (multiple) for exchange rates in ‘Rate Model’ and convert from 'Dummy' currency to LC (based on Entry currency property).
Eg
If Controller is based in UK (Entity dimension member) for Product A look for exchange rate in Rate Model and convert 'Dummy' to GBP (LC) and If Controller is based in US (Entity dimension member) for Product A look for exchange rate in Rate Model and convert 'Dummy' to USD (LC).
Please share your though if you have simple/better solution to implement the requirement.
Thank you
Best Regards
Sona