How To Fix MY002 - Error when updating physical inventory prices for material &

MY002 - Overview

• Message type: E = Error

• Message class: MY - Messages for Balance Sheet Valuation(Low.Val.Det./LIFO/FIFO)

• Message number: 002

• Message text: Error when updating physical inventory prices for material &

How to fix this error?

INCLUDE NA_SYSADMIN1

Error message extract from SAP system. Copyright SAP SE.

MY002 - Details

• The SAP error message MY002 typically occurs during the process of updating physical inventory prices for a material. This error can arise due to various reasons, and understanding the cause is essential for finding an appropriate solution. Here’s a breakdown of the potential causes, solutions, and related information for this error:
  Causes of MY002 Error
  
  
  Incorrect Material Master Data: The material master data may not be set up correctly, leading to issues when trying to update inventory prices.
  
  
  Locked Inventory: The inventory for the material may be locked due to ongoing transactions or processes, preventing updates.
  
  
  Price Control Issues: The price control settings (standard price vs. moving average price) may not align with the physical inventory process being executed.
  
  
  Missing Authorizations: The user may lack the necessary authorizations to perform the update on the material.
  
  
  Inconsistent Data: There may be inconsistencies in the data related to the material, such as discrepancies between the physical inventory count