How To Fix 8Z343 - Material &: price was set manually - no inflation revaluation

SAP Error Message - Details

• Message type: E = Error

• Message class: 8Z - Messages for Inflation Adjustment

• Message number: 343

• Message text: Material &: price was set manually - no inflation revaluation

Self-Explanatory Message

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• What is the cause and solution for SAP error message 8Z343 - Material &: price was set manually - no inflation revaluation ?

  The SAP error message 8Z343, which states "Material &: price was set manually - no inflation revaluation," typically occurs in the context of material valuation and pricing in SAP. This message indicates that the material price has been manually set, and as a result, the system does not allow for inflation revaluation to be applied to that material.
  Cause:
  
  Manual Price Setting: The primary cause of this error is that the material's price has been manually entered or adjusted in the system. When a price is set manually, the system does not automatically apply inflation adjustments or revaluations.
  Configuration Settings: The configuration settings in the material master or the valuation area may restrict the application of inflation revaluation for materials with manually set prices.
  Material Type: Certain material types may have specific settings that prevent inflation revaluation when prices are manually maintained.
  
  Solution:
  
  Review Material Price: Check the material master record to see if the price is set manually. If it is, consider whether it should be adjusted to allow for inflation revaluation.
  Adjust Pricing Strategy: If inflation revaluation is necessary, you may need to change the pricing strategy for the material. This could involve setting the price to be determined automatically based on standard costs or moving to a different pricing method.
  Configuration Changes: If applicable, review the configuration settings in the SAP system related to material valuation and inflation revaluation. Ensure that the settings allow for inflation adjustments for materials that require it.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team to understand the implications of changing the price setting and how it affects financial reporting and inventory valuation.
  
  Related Information:
  
  Material Master Record: The material master is a central repository of information about materials in SAP. It contains data related to purchasing, inventory management, and accounting.
  Valuation Methods: SAP supports various valuation methods (e.g., standard price, moving average price) that can affect how prices are set and adjusted.
  Inflation Revaluation: This process involves adjusting the value of inventory to reflect changes in purchasing power or inflation rates. It is important for accurate financial reporting and inventory valuation.
  SAP Notes and Support: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or enhancements that address it.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP material management and valuation processes.