How To Fix M3834 - Specify a price control

SAP Error Message - Details

• Message type: E = Error

• Message class: M3 - Material Master

• Message number: 834

• Message text: Specify a price control

What causes this issue?

Owing to the material type, value-based inventory management is defined
for this material. You are therefore required to enter a price control
indicator.

System Response

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

How to fix this error?

Specify the price control indicator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M3834 - Specify a price control ?

  The SAP error message M3834, which states "Specify a price control," typically occurs in the context of material master data management, particularly when dealing with materials that require a price control indicator. This error is often encountered during the creation or modification of material master records, especially in the purchasing or inventory management modules.
  Cause:
  The error arises when the system expects a price control indicator to be specified for a material, but it is either missing or not set correctly. Price control indicators determine how the system calculates the price of materials, and they can be set to either:
  
  Standard Price (S): The price is fixed and does not change with each purchase.
  Moving Average Price (V): The price is averaged over time based on the purchase prices of the material.
  
  Solution:
  To resolve the M3834 error, you need to specify a price control indicator for the material in question. Here are the steps to do this:
  
  
  Access Material Master Data:
  
  Go to the transaction code MM01 (Create Material) or MM02 (Change Material) in SAP.
  
  
  
  Select the Appropriate Views:
  
  Choose the relevant views that include the accounting data (usually the Accounting 1 view).
  
  
  
  Specify Price Control:
  
  In the Accounting 1 view, look for the field labeled "Price Control."
  Enter either "S" for Standard Price or "V" for Moving Average Price, depending on your business requirements.
  
  
  
  Save Changes:
  
  After entering the price control, save the material master record.
  
  
  
  Check for Other Errors:
  
  If the error persists, ensure that all required fields in the material master are filled out correctly and that there are no other validation issues.
  
  
  
  Related Information:
  
  Material Master Views: Understanding the different views in the material master (Basic Data, Purchasing, Accounting, etc.) is crucial for effective data management.
  Price Control Implications: The choice between standard price and moving average price can significantly impact inventory valuation and financial reporting.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM01, MM02, MM03 (Display Material), and MMBE (Stock Overview) for managing material data.
  SAP Documentation: Refer to SAP Help documentation for detailed explanations of material master data fields and their implications.
  
  By following these steps and understanding the context of the error, you should be able to resolve the M3834 error effectively.