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

SAP Error Message - Details

• 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

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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, the standard price may not be available.
  
  Solutions:
  
  
  Maintain Standard Price:
  
  Go to the material master record (transaction code MM02) and check the accounting view. Ensure that the standard price is maintained for the relevant valuation area.
  If it is missing, you can enter the standard price and save the changes.
  
  
  
  Check Material Type:
  
  Verify that the material type allows for standard pricing. If not, consider changing the material type if appropriate.
  
  
  
  Review Valuation Area:
  
  Ensure that the valuation area (plant or company code) has the correct standard price set for the material.
  
  
  
  Check Price Control Indicator:
  
  Review the price control indicator in the material master. If it is set to "V" (moving average), change it to "S" (standard) if applicable.
  
  
  
  Execute Costing Run:
  
  If the standard price is not available due to a missing costing run, execute the costing run (transaction code CK40N) to calculate and update the standard price.
  
  
  
  Material Master Data Review:
  
  Conduct a thorough review of the material master data to ensure all necessary fields are filled out correctly.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  MM02: Change Material Master
  CK40N: Execute Costing Run
  MM03: Display Material Master
  
  
  Documentation: Refer to SAP Help documentation for detailed information on material master data and pricing.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or refer to SAP community forums for further assistance.