How To Fix M7347 - Enter valuation type

SAP Error Message - Details

• Message type: E = Error

• Message class: M7 - Inventory Management and Physical Inventory

• Message number: 347

• Message text: Enter valuation type

What causes this issue?

The material is subject to
<DS:GLOS.3526C0D2AFAB52B9E10000009B38F974>split valuation</>, but you
have not chosen a <DS:GLOS.3526C0D3AFAB52B9E10000009B38F974>valuation
type</>.

System Response

The system can only post the document if you have assigned the quantity
to a valuation type.

How to fix this error?

Enter a valuation type.
If you do not know the valuation type, use the
<DS:GLOS.3526B36DAFAB52B9E10000009B38F974>possible entries</> function
to view a list of the existing valuation types for the material.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message M7347 - Enter valuation type ?

  The SAP error message M7347, which states "Enter valuation type," typically occurs in the context of inventory management and material valuation. This error indicates that the system requires a valuation type to be specified for a material, but it has not been provided.
  Cause:
  
  Missing Valuation Type: The most common cause of this error is that the valuation type is not specified in the transaction you are trying to execute. Valuation types are used in SAP to differentiate between different stock types (e.g., unrestricted stock, quality inspection stock, blocked stock) for a material.
  Configuration Issues: There may be issues with the configuration of the material master or the valuation area settings in the system.
  Material Master Data: The material master record may not be properly set up to include valuation types, especially if the material is managed in multiple valuation areas.
  
  Solution:
  
  Enter Valuation Type: When prompted with the error, ensure that you enter a valid valuation type in the relevant field. This is typically done in transactions related to inventory management, such as goods movements or stock transfers.
  Check Material Master: Review the material master data for the material in question. Ensure that the valuation type is defined and that the material is set up correctly in the relevant valuation area.
  
  You can check this by navigating to the material master (transaction code MM03) and reviewing the Accounting view.
  
  
  Configuration Review: If the issue persists, check the configuration settings for the valuation area and valuation types in the system. This can be done through the following path in SPRO:
  
  Logistics > Materials Management > Valuation and Account Assignment > Valuation > Define Valuation Types
  
  
  Consult Documentation: If you are unsure about the correct valuation types to use, consult your organization's documentation or SAP help resources for guidance on the specific materials and their valuation types.
  
  Related Information:
  
  Valuation Types: Valuation types are used in SAP to manage different stock categories for a material. Each valuation type can have different characteristics and stock levels.
  Valuation Area: This is the organizational unit that determines how materials are valued. It can be at the plant level or company code level.
  Material Management (MM) Module: This error is part of the MM module, which deals with procurement, inventory management, and material valuation.
  
  If you continue to experience issues after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the MM module for further assistance.