How To Fix OD688 - Valuation type &1 does not exist for &2, material &3.

SAP Error Message - Details

• Message type: E = Error

• Message class: OD - IS-Oil: TSW Traders' and Schedulers' Workbench messages

• Message number: 688

• Message text: Valuation type &1 does not exist for &2, material &3.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message OD688 - Valuation type &1 does not exist for &2, material &3. ?

  The SAP error message OD688 indicates that there is an issue with the valuation type for a specific material in the system. This error typically arises in the context of inventory management and material valuation, particularly when dealing with materials that have multiple valuation types.
  Cause:
  The error message "OD688 Valuation type &1 does not exist for &2, material &3" can occur due to several reasons:
  
  
  Missing Valuation Type: The specified valuation type (represented by &1) does not exist in the system for the given material (represented by &3) and company code (represented by &2).
  
  
  Incorrect Configuration: The valuation type may not have been properly configured in the system, or it may have been deleted or not created at all.
  
  
  Material Master Data Issues: The material master data may not be correctly set up, particularly in the accounting view where valuation types are defined.
  
  
  Data Inconsistencies: There may be inconsistencies in the data, such as changes made to the valuation types or materials that have not been properly updated in all relevant areas.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Valuation Type Configuration:
  
  Go to the transaction code OMW1 (for valuation types) and verify if the valuation type exists for the specified material and company code.
  If it does not exist, you may need to create it.
  
  
  
  Review Material Master Data:
  
  Use transaction code MM03 to display the material master data for the affected material.
  Check the accounting view to ensure that the valuation type is correctly assigned.
  
  
  
  Create or Adjust Valuation Type:
  
  If the valuation type is missing, you can create it using transaction code OMW1.
  Ensure that the valuation type is linked to the correct valuation class and that it is active.
  
  
  
  Check for Data Consistency:
  
  Run consistency checks to ensure that there are no discrepancies in the material master data and valuation types.
  You can use transaction code MM02 to make necessary adjustments.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidelines related to your version of SAP and the configuration of valuation types.
  
  
  
  Related Information:
  
  Valuation Types: Valuation types are used in SAP to differentiate between different stock types of the same material (e.g., raw materials, finished goods) and are essential for accurate inventory valuation.
  Material Master: The material master is a central repository of information related to materials in SAP, and it contains various views, including purchasing, sales, and accounting.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM01 (Create Material), MM02 (Change Material), and MM03 (Display Material) for managing material master data.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary corrections to resolve it.