How To Fix FINS_COSTING_UTIL003 - Information about procurement alternative missing: &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_COSTING_UTIL - Error messages occuring in Costing Utilities

• Message number: 003

• Message text: Information about procurement alternative missing: &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_COSTING_UTIL003 - Information about procurement alternative missing: &1 ?

  The SAP error message FINS_COSTING_UTIL003 indicates that there is missing information regarding the procurement alternative for a specific material or product. This error typically arises during the costing process when the system cannot find the necessary procurement alternative data for the material in question.
  Cause:
  
  Missing Procurement Alternative: The procurement alternative for the material is not defined in the system. This could be due to incomplete master data setup.
  Incorrect Material Master Data: The material master may not have the necessary procurement information, such as the procurement type or alternative sources of supply.
  Configuration Issues: There may be issues with the configuration settings in the system that prevent the procurement alternative from being recognized.
  Data Inconsistencies: There could be inconsistencies or errors in the data that prevent the system from retrieving the procurement alternative.
  
  Solution:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03).
  Verify that the procurement alternatives are correctly defined in the relevant views (e.g., Basic Data, Purchasing, MRP).
  Ensure that the procurement type is set correctly (e.g., in-house production, external procurement).
  
  
  
  Define Procurement Alternatives:
  
  If the procurement alternative is missing, you may need to define it. This can be done in the material master or through the relevant configuration settings.
  Use transaction code MM01 to create or update the material master and add the necessary procurement alternatives.
  
  
  
  Check Configuration Settings:
  
  Review the configuration settings related to material procurement in the SAP system. This may involve checking the settings in the IMG (Implementation Guide) under Logistics > Material Management > Purchasing > Material Master > Define Procurement Alternatives.
  
  
  
  Data Consistency Check:
  
  Run data consistency checks to identify any discrepancies in the material master data. This can help in identifying any missing or incorrect entries.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling procurement alternatives and related settings.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  MM01 (Create Material)
  MM02 (Change Material)
  MM03 (Display Material)
  MMBE (Stock Overview)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that the user has the necessary authorizations to view and edit material master data.
  
  By following these steps, you should be able to resolve the error message FINS_COSTING_UTIL003 and ensure that the procurement alternatives are correctly set up in your SAP system.