How To Fix OM064 - First valuation type for & &

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 064

• Message text: First valuation type for & &

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message OM064 - First valuation type for & & ?

  The SAP error message OM064 ("First valuation type for & &") typically occurs in the context of inventory management or material valuation in SAP. This error indicates that the system is unable to determine the first valuation type for a material in a specific valuation area. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Valuation Type: The valuation type for the material may not be defined in the system. This can happen if the material master data is incomplete or if the valuation type has not been set up correctly.
  Incorrect Configuration: The configuration settings for the valuation area or the material type may not be set up properly, leading to the inability to find the first valuation type.
  Material Master Data Issues: The material master record may not have the necessary data filled in, particularly in the Accounting or Costing views.
  
  Solution:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03) and check the Accounting view for the material in question.
  Ensure that the valuation type is correctly defined and that all necessary fields are filled out.
  
  
  
  Define Valuation Types:
  
  If the valuation type is missing, you may need to define it. This can be done in the configuration settings (transaction code SPRO) under:
  
  Logistics > Materials Management > Valuation and Account Assignment > Valuation > Define Valuation Types.
  
  
  Ensure that the valuation type is assigned to the appropriate material type and valuation area.
  
  
  
  Check Configuration Settings:
  
  Review the configuration for the valuation area and ensure that it is set up correctly. This includes checking the settings for the relevant company code and plant.
  
  
  
  Recreate Material Master:
  
  If the material master is significantly incomplete or incorrect, consider recreating the material master with the correct settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on valuation types and material master data management.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  MM03: Display Material Master
  MM02: Change Material Master
  SPRO: Access to the SAP Customizing Implementation Guide
  
  
  Valuation Types: Valuation types are used in SAP to differentiate between different stock types (e.g., unrestricted stock, quality inspection stock, blocked stock) for the same material.
  Material Valuation: Understanding how materials are valued in SAP is crucial for accurate financial reporting and inventory management.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in materials management and valuation.