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

MM070 - Overview

• 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