on 08-21-2010 11:04 PM
I am working in SRM 7.0
I have created an Invitation for BID with line items that are denomiated in USD.
I then created a quote for the line items, expressed in EUR. The quote
is created and shows the items in EUR.
I then click Create Purchase Order in the Quote and the purchase order is
created. I then see that the line items are still denomiated in
EUR, onthe PO which is correct. But both the Price and Gross Price of
each line item has been adjusted to reflect the USD/EUR
exchange rate, which is being done in some background
process.
Why is this happening and where is it happening?
I am expecting the PO to be created with
the line item as follows:
Item - Widget
Quantity - 5
Price - 10
Currency - EUR
This is what I get on the PO:
Item - Widget
Quantity - 5
Price - 8
Currency - EUR
The line item on the quote is as follows:
Item - Widget
Quantity - 5
Price - 10
Currency - EUR
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>
> I am expecting the PO to be created with
> the line item as follows:
>
> Item - Widget
> Quantity - 5
> Price - 10
> Currency - EUR
>
>
> This is what I get on the PO:
>
> Item - Widget
> Quantity - 5
> Price - 8
> Currency - EUR
>
>
> The line item on the quote is as follows:
>
> Item - Widget
> Quantity - 5.
> Price - 10
> Currency - EUR
you are expecting whatever Bidder entered EUR and same must in the Purchase order EUR ?
what is the currency exchane rate on po created date?
if the currency is unique , QUOTE same price must be copied into the Purchase order.
Additional Currencies
Here, you select the currency in which the RFx is issued to bidders, plus acceptable alternative currencies. The bidders can bid in the currency of their choice, but the bid is displayed to the purchaser in the currency of the RFx. You can specify a date on which currencies are converted so, when you compare bids, you have a record of the exchange rates.
Note
Currency exchange rates vary by date. If you specify currency conversion date that is earlier than the start date of the RFx, the exchange rates of your selected currencies remain fixed for the duration of bidding. If you specify a date that is later than the start date, the exchange at the time of comparing bids may differ from the exchange rate when the RFx is published. If you do not specify a currency conversion date, the system compares bids using the exchange rate on that date
Jay :- can you help ?
Muthu
Hi
Note 1325850 - Issue with exchange rate in RFx
Note 1352425 - Currency change is inconsistent in quotation.
(1) learnt that your header currency USD in the Bid Invitation
(2) Additional currency is EUR and clarify what is the main currency in the Bid Invitation
(3) Bidder submited a Bid EUR
(4) PO created with EUR .
Check above note if it is applicable for you.
Please clarify your question once again. Exchange rate is a header data in the PO.
Currently i dont have the system to clarify your doubt and give more precious data to others. you will get answer.
what is exactly you are expecting? how system behaves .
if you did not get reply , please create a new thread.
Muthu
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The submitted quote was as follows:
Item Quantity Price
Widget 5 10 EUR
The PO was created as follows:
Item Quantity Price
Widget 5 8 EUR
Note: The exchnge rate was .8 EUR/USD
The PO should say since the vendor currency is EUR:
Item Quantty Price
Widget 5 10 EUR
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As per standard , PO will be created as EUR since it is vendor currency.
FYI
Additional Currencies
Here, you select the currency in which the bid invitation is issued to bidders, plus acceptable alternative bid currencies. The bidder can bid in the currency of their choice, but is displayed to the purchaser in the currency of the bid invitation. You can specify a date on which currencies are converted so that you have a record of the exchange rates when you compare bids.
Currency exchange rates vary by date. If you specify currency conversion date that is earlier than the start date of the bid invitation, the exchange rates of your selected currencies remain fixed for the duration of bidding. If you specify a date that is later than the start date, the exchange at the time of comparing bids may differ from the exchange rate when the bid invitation is published. If you do not specify a currency conversion date, the system compares bids using the exchange rate on that date.
You can specify multiple currencies in bid invitation templates; however, you cannot specify currency conversion dates. Multiple currencies, and the exchange rates on the date of bid comparison, are used in reporting for the bid comparison.
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