How To Fix ECH_MSG031 - Standard price cannot be determined for product &1

ECH_MSG031 - Overview

• Message type: E = Error

• Message class: ECH_MSG - Messages for Error & Conflict Handler

• Message number: 031

• Message text: Standard price cannot be determined for product &1

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message ECH_MSG031 - Standard price cannot be determined for product &1 ?

  The SAP error message ECH_MSG031, which states "Standard price cannot be determined for product &1," typically occurs in the context of product costing or inventory management. This error indicates that the system is unable to find a standard price for the specified product (material) in the system. Here are some common causes, solutions, and related information for this error:
  Causes:
  
  Missing Standard Price: The standard price for the material has not been maintained in the system.
  Incorrect Material Type: The material type may not support standard pricing.
  Valuation Area Issues: The valuation area (plant or company code) may not have a standard price set for the material.
  Price Control Indicator: The price control indicator for the material may be set incorrectly (e.g., set to moving average instead of standard).
  Material Master Data: Incomplete or incorrect material master data can lead to this error.
  Costing Run Issues: If a costing run has not been executed or completed successfully,