How To Fix M3046 - First define the valuation level in Customizing

M3046 - Overview

• Message type: E = Error

• Message class: M3 - Material Master

• Message number: 046

• Message text: First define the valuation level in Customizing

What causes this issue?

You wanted to create a material master record. However, the valuation
level (plant or company code) has not yet been defined in your system.

How to fix this error?

Ask your system administrator to define the valuation level in
Customizing for <LS>Enterprise Structure</> in the activity
<DS:SIMG.SIMG_CFMENUSAPCOX14>Define Valuation Level</>.

Error message extract from SAP system. Copyright SAP SE.

M3046 - Details

• The SAP error message M3046, which states "First define the valuation level in Customizing," typically occurs when there is an issue with the configuration of the valuation level in the Material Management (MM) module. This error is related to how materials are valued in the system, specifically whether the valuation is done at the plant level or at the company code level.
  
  Cause:
  The error arises when the system is unable to determine the valuation level for materials because it has not been defined in the configuration settings. The valuation level determines whether the material valuation is managed at the plant level (where each plant can have its own valuation) or at the company code level (where all plants share the same valuation).
  
  Solution:
  To resolve this error, you need to define the valuation level in the SAP Customizing settings. Here are the steps to do this:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen.
  Enter