How To Fix 8Z344 - Material &: Market price revaluation has not yet run in update mode on &

SAP Error Message - Details

• Message type: E = Error

• Message class: 8Z - Messages for Inflation Adjustment

• Message number: 344

• Message text: Material &: Market price revaluation has not yet run in update mode on &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message 8Z344 - Material &: Market price revaluation has not yet run in update mode on & ?

  The SAP error message 8Z344 indicates that a market price revaluation has not yet been executed in update mode for a specific material. This error typically arises in the context of inventory management and valuation, particularly when dealing with materials that have fluctuating market prices.
  Cause:
  
  Market Price Revaluation Not Executed: The primary cause of this error is that the market price revaluation process has not been run for the specified material in update mode. This process is necessary to adjust the valuation of inventory based on current market prices.
  Configuration Issues: There may be configuration settings in the system that prevent the market price revaluation from being executed properly.
  Timing Issues: The revaluation process may not have been scheduled or executed at the appropriate time, especially if there are dependencies on other processes.
  
  Solution:
  
  
  Run Market Price Revaluation: 
  
  Navigate to the transaction code for market price revaluation (usually MR21 or similar, depending on your SAP version).
  Ensure that you select the correct parameters and run the revaluation in update mode for the affected material.
  
  
  
  Check Configuration: 
  
  Review the configuration settings related to material valuation and market price revaluation in the SAP system. Ensure that all necessary settings are correctly configured.
  Consult with your SAP Basis or configuration team if you suspect there are issues with the setup.
  
  
  
  Schedule Regular Revaluations: 
  
  If this is a recurring issue, consider scheduling regular market price revaluation jobs to ensure that the valuations are kept up to date.
  
  
  
  Consult Documentation: 
  
  Refer to SAP documentation or help files for specific instructions on how to perform market price revaluation and troubleshoot related issues.
  
  
  
  Check for Dependencies: 
  
  Ensure that there are no other processes or transactions that need to be completed before the market price revaluation can be executed.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MR21 (Change Material Price) and MMBE (Stock Overview) to monitor and manage material prices.
  SAP Notes: Check SAP Notes for any known issues or patches related to market price revaluation.
  User Roles and Authorizations: Ensure that the user executing the revaluation has the necessary authorizations to perform this action.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.