Least Cost Formulation in Product Development of OPM in R12

Hi
IT IS VERY URGENT.....HELP ME OUT
Can any one detailed ON " Least cost Formula" in OPM of R12 with regard to :
1. What exactly is LCF
2. Where/when we can use, with examples.
3. Its Set ups
4. When it recommends to use this LCF
IF Any RCD (Release content docs) is there also plz sahre.
Regards
Raj

Hi Raj,
Define items,(products, ingredients,etc)
Define Ingredients item costs has been defined
(N) OPM Financials > Item Costs
Define technical Parameters(Numerical/Derived Cost, etc required for your setup)
(N) Formulator > Technical Data > Technical Paramerters
Then Assign Laboratory Technical Parameters Sequences ( for the above defined Tech parameters)
(N) Formulator > Technical Data > Technical Paramerters Sequences
Define your OPM item's Technical Data (with the above item tech parameters & sequences)
(N) Formulator > Technical Data > Item Technical Data
Create a new Formulation Specification
(N) Formulator > Formulation Specification Workbench > (M) Actions>New Specification
enter required data,
Ingredient Selection = Material Requirement
select Optimization Objective(minimise or maximise)
Create Material Requirement (Highlight your new specification, (M) Actions>New Requirement
menu.)
Create Technical Requirements((M) Actions>New Requirement object)
Approve Formulation Specification ((M) Actions>Change Status ->Approved for General Use)
Generate a least cost formula, for your Specification object ((M) Actions>Formulate, click generate button)
Click the Material View tab
Review the material View details
(Ingredient displays each ingredient with its Qty and, UOM and Description.Each technical Parameter associated with the ingredients and product are listed next to the item)
try this out,
regards
SeenuYarasi
(N) navigation, (M) menu

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[Product Cosr Collector|http://help.sap.com/saphelp_47x200/helpdata/EN/08/77ba810a1611d3a6b900104b55d538/frameset.htm]
[Product Cost Collectors: Collective Entry for Repetitive Manufacturing |http://help.sap.com/saphelp_47x200/helpdata/EN/08/77ba810a1611d3a6b900104b55d538/frameset.htm]
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Primavera webcast: Strategies for New Product Development and Innovation

[Strategies for New Product Development and Innovation Success: Project Portfolio Management for the Industrial Manufacturing Recovery|http://www.bulldogsolutions.net/OracleManufacturing/ORM02252010/frmRegistration.aspx?bdls=23246]
Jim Brown, manufacturing industry expert and President of Tech-Clarity, will discuss how leading manufacturers are shifting their product portfolios for the economic recovery, emerging from survival mode and resuming growth strategies.
* Webcast: Strategies for New Product Development and Innovation Success: Project Portfolio Management for the Industrial Manufacturing Recovery.
* Date: Thursday, February 25, 2010
* Time: 11 a.m. EDT
* Registration: http://www.bulldogsolutions.net/OracleManufacturing/ORM02252010/frmRegistration.aspx?bdls=23246
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[Strategies for New Product Development and Innovation Success: Project Portfolio Management for the Industrial Manufacturing Recovery|http://www.bulldogsolutions.net/OracleManufacturing/ORM02252010/frmRegistration.aspx?bdls=23246]
Jim Brown, manufacturing industry expert and President of Tech-Clarity, will discuss how leading manufacturers are shifting their product portfolios for the economic recovery, emerging from survival mode and resuming growth strategies.
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* Date: Thursday, February 25, 2010
* Time: 11 a.m. EDT
* Registration: http://www.bulldogsolutions.net/OracleManufacturing/ORM02252010/frmRegistration.aspx?bdls=23246
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I have that programs, as I need to find out . Ill post you later .
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Least Cost Formulation in Product Development of OPM in R12

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