How To Fix FTR_COMS071 - Commodity &1 has no quotation source assigned in its master data

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_COMS -

• Message number: 071

• Message text: Commodity &1 has no quotation source assigned in its master data

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_COMS071 - Commodity &1 has no quotation source assigned in its master data ?

  The SAP error message FTR_COMS071 indicates that a commodity does not have a quotation source assigned in its master data. This error typically arises in the context of commodity trading and risk management within SAP, particularly when dealing with financial transactions related to commodities.
  Cause:
  The primary cause of this error is that the commodity in question has not been properly configured in the system. Specifically, it lacks a defined quotation source, which is necessary for pricing and valuation purposes. This can happen due to:
  
  Incomplete Master Data: The commodity master data may not have been fully maintained, leading to missing information about the quotation source.
  Configuration Issues: There may be issues in the configuration settings related to commodity management in SAP.
  Data Migration Issues: If data was migrated from another system, the quotation source may not have been transferred correctly.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Commodity Master Data:
  
  Navigate to the commodity master data in SAP (transaction code: COTR or similar).
  Verify that the commodity in question has a quotation source assigned. If not, you will need to assign a valid quotation source.
  
  
  
  Assign Quotation Source:
  
  If the quotation source is missing, you can add it by editing the commodity master data.
  Ensure that the quotation source is valid and corresponds to the pricing mechanism you intend to use.
  
  
  
  Review Configuration Settings:
  
  Check the configuration settings for commodity management in SAP to ensure that all necessary settings are in place.
  This may involve reviewing the settings in the customizing transaction (SPRO) related to commodity trading.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on managing commodity master data and quotation sources.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as COTR (Commodity Master) and SPRO (Customizing).
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that you have the appropriate permissions to modify commodity master data and configuration settings.
  
  By following these steps, you should be able to resolve the FTR_COMS071 error and ensure that your commodity master data is correctly configured for your trading activities.