How To Fix /FMP/MP053 - Strategy P requires the entry of a price type

SAP Error Message - Details

• Message type: E = Error

• Message class: /FMP/MP -

• Message number: 053

• Message text: Strategy P requires the entry of a price type

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /FMP/MP053 - Strategy P requires the entry of a price type ?

  The SAP error message /FMP/MP053 Strategy P requires the entry of a price type typically occurs in the context of Material Management (MM) or Production Planning (PP) modules when a pricing strategy is being used that requires a specific price type to be defined, but it has not been provided.
  Cause:
  
  Missing Price Type: The error indicates that the pricing strategy (in this case, Strategy P) requires a price type to be specified, but it has not been entered in the relevant transaction or configuration.
  Configuration Issues: There may be a configuration issue in the pricing procedure or the strategy settings that does not align with the requirements of the pricing strategy.
  Data Entry Error: The user may have overlooked entering the required price type in the relevant fields during transaction processing.
  
  Solution:
  
  Enter Price Type: Check the transaction where the error occurred and ensure that the required price type is entered. This could be in the material master, sales order, or any other relevant document.
  Review Configuration: If you have access to the configuration settings, review the pricing strategy settings in the customizing (SPRO) to ensure that the price type is correctly defined for Strategy P.
  
  Navigate to: SPRO > IMG > Materials Management > Valuation and Account Assignment > Price Control and check the settings related to pricing strategies.
  
  
  Consult Documentation: Refer to SAP documentation or help files for specific details on the pricing strategy and the required fields.
  User Training: If this error is common among users, consider providing training or documentation to ensure that users understand the importance of entering the price type when using Strategy P.
  
  Related Information:
  
  Transaction Codes: Depending on where the error occurs, you may be using transaction codes like ME21N (Create Purchase Order), ME31K (Create Contract), or others related to pricing and procurement.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on pricing strategies.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By addressing the missing price type and ensuring proper configuration, you should be able to resolve the error message and proceed with your transactions.