How To Fix /FMP/MP008 - Price type as valuation alternative must be defined periodically

SAP Error Message - Details

• Message type: E = Error

• Message class: /FMP/MP -

• Message number: 008

• Message text: Price type as valuation alternative must be defined periodically

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /FMP/MP008 - Price type as valuation alternative must be defined periodically ?

  The SAP error message /FMP/MP008 Price type as valuation alternative must be defined periodically typically occurs in the context of Material Management (MM) or Financial Accounting (FI) when there is an issue with the configuration of price types in relation to valuation alternatives. This error indicates that the system expects a periodic definition for the specified price type, but it has not been set up correctly.
  Cause:
  
  Missing Configuration: The price type for the valuation alternative has not been defined in the system for the required period.
  Incorrect Settings: The settings for the price type or valuation alternative may be incorrect or incomplete.
  Periodicity Requirement: The system requires that certain price types be defined for specific periods (e.g., monthly, quarterly) and this has not been done.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the price type and valuation alternatives in the SAP system.
  Navigate to the relevant configuration path, typically found under:
  
  SPRO > Financial Accounting > Valuation > Define Price Types or similar paths depending on your version of SAP.
  
  
  Ensure that the price type is defined for the required valuation alternative and that it is set up for the correct periods.
  
  
  
  Define Price Type:
  
  If the price type is missing, you will need to create it. Make sure to specify the necessary details, including the validity period.
  Ensure that the price type is linked to the appropriate valuation alternative.
  
  
  
  Review Periodicity:
  
  Check if there are any periodicity requirements for the price type you are trying to use. If so, ensure that these are met in your configuration.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for specific instructions on how to configure price types and valuation alternatives.
  
  
  
  Testing:
  
  After making the necessary changes, test the configuration by attempting the transaction that previously resulted in the error to ensure that it has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, MM02 for material master changes, or MR21 for changing the price of materials.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or patches related to this error.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP MM or FI modules for further assistance.