How To Fix MM070 - You have not entered a future price

SAP Error Message - Details

• Message type: E = Error

• Message class: MM - Messages for material master maintenance and Customizing

• Message number: 070

• Message text: You have not entered a future price

What causes this issue?

You have entered a valid-from date for the future valuation price of
the material. However, you have not entered a future price.

System Response

The system assumes that the future price is zero.

How to fix this error?

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

Procedure for System Administrators

If the price control for the material is set to <LS>S</> (standard
price), this message appears in one of the following ways, depending on
how message M3 132 ("With price control S, enter a standard price") is
configured:
It appears as an error if message M3 132 is configured as an error
message, that is, if a standard price of zero is not allowed.
It appears as a warning if message M3 132 is configured in another way.
In Customizing for the <LS>Material Master</>, you can check how
message M3 132 is configured in the activity
<DS:SIMG.SIMG_CFMENUOLMSOMT4>Define attributes of system messages</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MM070 - You have not entered a future price ?

  The SAP error message MM070 ("You have not entered a future price") typically occurs in the context of materials management, particularly when dealing with purchasing or inventory management. This error indicates that the system expects a future price to be entered for a material, but it has not been provided.
  Cause:
  
  Missing Future Price: The most common cause is that the material master record does not have a future price defined for the specified period.
  Price Control Settings: The price control settings for the material may not allow for future pricing.
  Incorrect Validity Dates: The validity dates for the price may not be set correctly, leading to the system not recognizing the future price.
  Transaction Type: The transaction being performed may require a future price, but the necessary data has not been entered.
  
  Solution:
  
  
  Check Material Master Record:
  
  Go to the material master record (transaction code MM03) and check the purchasing view.
  Ensure that a future price is defined for the relevant period.
  
  
  
  Maintain Future Price:
  
  If a future price is not set, you can enter it using transaction code ME11 (Create Info Record) or ME12 (Change Info Record) for the relevant vendor and material combination.
  Ensure that the future price is valid for the intended period.
  
  
  
  Review Price Control:
  
  Check the price control settings (standard price or moving average price) in the material master. Ensure that they align with your pricing strategy.
  
  
  
  Adjust Validity Dates:
  
  Make sure that the validity dates for the future price are correctly set. The future price should be valid for the period you are trying to use it.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to material pricing and purchasing to ensure compliance with best practices.
  
  
  
  User Authorization:
  
  Ensure that you have the necessary authorizations to make changes to the material master or info records.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  MM03: Display Material Master
  ME11: Create Purchasing Info Record
  ME12: Change Purchasing Info Record
  ME13: Display Purchasing Info Record
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to this error message.
  
  
  Training and Documentation: Consider reviewing training materials or SAP Help documentation for further insights into managing material pricing and related configurations.
  
  
  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 materials management.