How To Fix KE351 - Valuation with material cost estimate: error with product "&1"

SAP Error Message - Details

• Message type: E = Error

• Message class: KE -

• Message number: 351

• Message text: Valuation with material cost estimate: error with product "&1"

What causes this issue?

In Profitability Analysis (CO-PA), the system tried to read a
<ZH>previous standard cost estimate</> while valuating with material
cost estmates.
To determine the <ZH>previous plan period</>, the system needs to
interpret the valuation segment of the material master record.
The system has found that the previous plan period for material <ZH>"
&V1&"</> has not been maintained in plant <ZH>"&V2&"</>.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

<DS:TRAN.MM03>Display material (View: Costing)</>
The system tried to find the material cost estimate using costing key
<ZH>"&V3&"</> as defined in the
<DS:SIMG.SIMG_CFMENUORKEKE40>Customizing settings</> for CO-PA.

System Response

The document cannot be processed any further.

How to fix this error?

Contact your system administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KE351 - Valuation with material cost estimate: error with product "&1" ?

  The SAP error message KE351 indicates that there is an issue with the valuation of a product during the material cost estimate process. This error typically arises in the context of controlling (CO) and product costing modules when the system encounters a problem with the valuation of a material or product.
  Cause of Error KE351
  
  Missing or Incorrect Cost Estimate: The material may not have a valid cost estimate, or the cost estimate may not be correctly configured.
  Valuation Class Issues: The valuation class assigned to the material may not be set up correctly, leading to issues in determining the cost.
  Master Data Issues: There may be missing or incorrect master data related to the material, such as the material master record or the accounting view.
  Costing Variant Configuration: The costing variant used for the material may not be properly configured or may not match the requirements for the valuation.
  Currency Issues: There may be discrepancies in currency settings, especially if the material is being valued in a different currency than expected.
  Missing Price Control: The price control indicator (standard price or moving average price) may not be set correctly for the material.
  
  Solutions to Error KE351
  
  Check Material Master Data: Verify that the material master data is complete and accurate, especially the accounting and costing views.
  Review Cost Estimates: Ensure that a valid cost estimate exists for the material and that it is correctly configured.
  Validate Valuation Class: Check the valuation class assigned to the material and ensure it is set up correctly in the system.
  Examine Costing Variant: Review the costing variant settings to ensure they are appropriate for the material and the valuation process.
  Currency Settings: Confirm that the currency settings are correct and consistent across the relevant documents and master data.
  Adjust Price Control: Ensure that the price control indicator is set correctly for the material (either standard price or moving average price).
  Run Costing Run: If applicable, run the costing run again after making the necessary adjustments to see if the error persists.
  
  Related Information
  
  Transaction Codes: You may need to use transaction codes such as CK11N (Create Material Cost Estimate) or CK40N (Costing Run) to investigate and resolve the issue.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to error KE351.
  Documentation: Refer to SAP documentation for detailed information on product costing and material valuation processes.
  Support: If the issue persists after troubleshooting, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify and resolve the underlying cause of the KE351 error in SAP.