4 Currency Administration

The Currency Administration task is only used if the retailer requires the use of multiple currencies while planning their business. The Local Currency process extension may be used when a retailer has locations and/or corporate offices in different countries with different currencies. This task is only available when Local Currency is implemented.

Figure 4-1 Currency Administration Process Flow

Typical Business Users

The typical user of the Assortment Currency Administration task is an Administrator who has been given corporate exchange rates for each currency being used in the planning process.

Data Requirements

Following are the data requirements for this task:

• Forecasted currency rates for future planning periods

Create the Currency Administration Segment

To create the Currency Administration segment, click Assortment Services in the Task menu. Then, click the Planning Administration activity and then the Currency Administration task. The Currency Administration segment is built.

Step 1: Local Currency Setup

The steps to complete this process:

• Set corporate currency exchange rates for each currency being used.

• Set local currency symbols, if desired.

Figure 4-2 Local Currency Setup Step

Prior to Starting this Step:

• The Administrator should receive forecasted exchange rates from the appropriate party.

After Completing this Step:

• Continue with other Administrative setup tasks as necessary.

Tab and Views in this Step:

• Local Currency Setup Tab

  1. Local Currency Rate View

  2. Local Currency Symbol View

Local Currency Setup Tab

The Local Currency Rate tab is used to enter the forecasted corporate exchange rates and to enter the symbol for each currency in use.

1. Local Currency Rate View

The Local Currency Rate view is used to enter the forecasted corporate exchange rates for each currency in use.

The step to complete this process:

• Enter each exchange rate that is currently in use.

Figure 4-3 1. Local Currency Rate View

Measure Table

Table 4-1 1. Local Currency Rate View Measure

Label	Definition
Local Currency Rate	Rate used to convert values to the local currency.

2. Local Currency Symbol View

The Local Currency Symbol view is used to enter the symbol for each currency in use.

The step to complete this process:

• Enter a symbol for each currency that is currently in use.

Figure 4-4 2. Local Currency Symbol View

Measure Table

Table 4-2 2. Local Currency Symbol View Measure

Label	Definition
Local Currency Symbol	Graphic symbol associated with the channel's local currency.