How To Fix LOG_CMM_PRC_PSM017 - No open price fixation option exercise exists

SAP Error Message - Details

• Message type: E = Error

• Message class: LOG_CMM_PRC_PSM - CPE PSM Handler

• Message number: 017

• Message text: No open price fixation option exercise exists

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message LOG_CMM_PRC_PSM017 - No open price fixation option exercise exists ?

  The SAP error message LOG_CMM_PRC_PSM017 indicates that there is no open price fixation option exercise available for the transaction you are trying to execute. This error typically occurs in the context of contract management or pricing procedures within SAP, particularly when dealing with price fixation options in procurement or sales processes.
  Cause:
  
  
  No Open Price Fixation: The primary cause of this error is that there are no active or open price fixation options available for the item or contract you are trying to process. This could be due to:
  
  The price fixation period has expired.
  The price fixation option has already been exercised or closed.
  The relevant configuration settings for price fixation are not properly set up in the system.
  
  
  
  Configuration Issues: There may be issues with the configuration of the pricing procedure or the contract management settings in SAP.
  
  
  Data Entry Errors: Incorrect data entry or missing information in the relevant documents (like contracts or purchase orders) can also lead to this error.
  
  
  Solution:
  
  
  Check Price Fixation Options: 
  
  Navigate to the relevant transaction or document where the error occurred and check if there are any open price fixation options available.
  If there are none, you may need to create a new price fixation option or adjust the existing ones.
  
  
  
  Review Configuration:
  
  Ensure that the configuration for price fixation is correctly set up in the system. This may involve checking the settings in the customizing transaction (SPRO) related to pricing and contract management.
  Consult with your SAP configuration team to verify that all necessary settings are in place.
  
  
  
  Update or Create New Price Fixation:
  
  If the price fixation period has expired, you may need to create a new price fixation option or extend the existing one, depending on your business requirements.
  
  
  
  Consult Documentation: 
  
  Review SAP documentation or help files related to price fixation and contract management for additional guidance on how to resolve this issue.
  
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with SAP experts for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as ME31K (Create Contract), ME32K (Change Contract), and ME33K (Display Contract) to manage contracts effectively.
  SAP Notes: Check for any SAP Notes related to this error message in the SAP Support Portal, as there may be specific patches or updates that address known issues.
  User Roles and Authorizations: Ensure that the user executing the transaction has the necessary authorizations to access and modify price fixation options.
  
  By following these steps, you should be able to identify the cause of the error and implement a suitable solution.