How To Fix LB075 - Current standard price (neutral) & & is no longer valid (& &)

SAP Error Message - Details

• Message type: E = Error

• Message class: LB - Logistics: Batch - Management

• Message number: 075

• Message text: Current standard price (neutral) & & is no longer valid (& &)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message LB075 - Current standard price (neutral) & & is no longer valid (& &) ?

  The SAP error message LB075 indicates that the current standard price for a material is no longer valid. This typically occurs in the context of inventory management and material valuation in SAP. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Price Change: The standard price for the material has been changed or updated, and the system is trying to reference an outdated price.
  Material Master Data: The material master data may have been modified, leading to inconsistencies in the pricing information.
  Period Closing: The error can occur if you are trying to post transactions in a period that has been closed for accounting purposes.
  Valuation Type: If the valuation type of the material has changed, it may lead to this error.
  Material Status: The material may have been flagged as inactive or blocked, which can affect its pricing.
  
  Solution:
  
  Check Material Master: Go to the material master record (transaction code MM03) and verify the current standard price. Ensure that it is set correctly and is valid for the current period.
  Update Standard Price: If the standard price needs to be updated, you can do this using transaction code CK40N (Change Standard Price) or CK11N (Create/Change Cost Estimate).
  Check Period Status: Ensure that the accounting period is open for posting. You can check this in the transaction code OB52.
  Review Price Change Logs: Check the price change logs to see if there were any recent changes that could have affected the standard price.
  Material Status: Ensure that the material is not blocked or inactive. You can check this in the material master data.
  Revaluation: If necessary, perform a revaluation of the material to ensure that the standard price is updated and valid.
  
  Related Information:
  
  Transaction Codes:
  
  MM03: Display Material Master
  CK40N: Change Standard Price
  CK11N: Create/Change Cost Estimate
  OB52: Open/Close Posting Periods
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP Help documentation for detailed information on material valuation and pricing procedures.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Material Management (MM) for further assistance.