How To Fix CKMLSIM016 - There are material prices not yet determined (1-lvl) in valuation area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: CKMLSIM - Message Class for the Simulation

• Message number: 016

• Message text: There are material prices not yet determined (1-lvl) in valuation area &1

Self-Explanatory Message

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• What is the cause and solution for SAP error message CKMLSIM016 - There are material prices not yet determined (1-lvl) in valuation area &1 ?

  The SAP error message CKMLSIM016 indicates that there are material prices that have not yet been determined in a specific valuation area. This typically occurs during the process of material valuation or when trying to perform a transaction that requires a valid material price, such as inventory valuation or cost calculation.
  Cause:
  
  Missing Price Determination: The material in question has not had its price determined yet. This can happen if the material is newly created or if there have been changes to the material master data that have not been processed.
  Valuation Area Issues: The valuation area (which can be a plant or company code) may not have the necessary price data for the materials involved.
  Incomplete Configuration: The configuration for material valuation may not be complete, leading to missing price determination for certain materials.
  Price Control Settings: The price control settings (standard price or moving average price) may not be set correctly for the material.
  
  Solution:
  
  Check Material Master Data: Go to the material master record (transaction code MM03) and check if the price is maintained in the relevant views (e.g., Accounting view). If not, you may need to update the price.
  Run Price Determination: If the material is new or has been changed, you may need to run the price determination process. This can be done using transaction CK11N (Create Cost Estimate with Quantity Structure) or CK40N (Change Cost Estimate).
  Review Valuation Area Settings: Ensure that the valuation area is correctly set up and that the materials are assigned to the correct valuation area.
  Check Configuration: Review the configuration settings for material valuation in the SAP system. Ensure that all necessary settings are in place for the valuation method being used.
  Use Transaction CKMLCP: If you are dealing with a large number of materials, you can use transaction CKMLCP (Material Ledger: Closing Cockpit) to perform a mass price determination.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on resolving valuation issues related to your version of SAP.
  
  Related Information:
  
  Transaction Codes: MM03 (Display Material), CK11N (Create Cost Estimate), CK40N (Change Cost Estimate), CKMLCP (Material Ledger: Closing Cockpit).
  Material Valuation: Understanding how material valuation works in SAP is crucial. Familiarize yourself with concepts like standard price, moving average price, and the impact of price control settings.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message or provide additional troubleshooting steps.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in material management and valuation.