How To Fix OM470 - Set the price determination indicator

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 470

• Message text: Set the price determination indicator

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message OM470 - Set the price determination indicator ?

  The SAP error message OM470, "Set the price determination indicator," typically occurs in the context of material management and pricing in SAP. This error indicates that the system requires a price determination indicator to be set for a material or a specific condition type in the pricing procedure.
  Cause:
  The error can arise due to several reasons:
  
  Missing Price Determination Indicator: The material master record does not have a price determination indicator set, which is necessary for the system to determine how the price should be calculated.
  Incorrect Configuration: The pricing procedure may not be correctly configured to handle the price determination for the specific material or transaction.
  Material Type Settings: The material type may not be set up to allow for the required pricing conditions.
  Missing Condition Records: There may be no condition records available for the pricing procedure being used.
  
  Solution:
  To resolve the OM470 error, you can take the following steps:
  
  
  Check Material Master:
  
  Go to the material master record (transaction code MM03).
  Check the "Accounting" view and ensure that the "Price Determination" indicator is set correctly (e.g., standard price, moving average price).
  
  
  
  Review Pricing Procedure:
  
  Check the pricing procedure assigned to the relevant sales area or purchasing organization (transaction code V/08 for sales or OBB8 for purchasing).
  Ensure that the pricing procedure includes the necessary condition types and that they are configured correctly.
  
  
  
  Set Price Determination Indicator:
  
  If the price determination indicator is missing, you can set it in the material master or through the configuration settings in SPRO (Customizing).
  Navigate to: SPRO > IMG > Materials Management > Valuation and Account Assignment > Price Determination.
  
  
  
  Check Condition Records:
  
  Ensure that there are valid condition records for the pricing conditions being used. You can check this using transaction codes like VK11 (create condition) or VK12 (change condition).
  
  
  
  Material Type Configuration:
  
  Verify that the material type is configured to allow for the necessary pricing conditions. This can be checked in the material type settings in SPRO.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: MM03 (Display Material), V/08 (Pricing Procedure), VK11 (Create Condition), VK12 (Change Condition).
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the OM470 error.
  User Roles: Ensure that the user has the necessary authorizations to make changes to the material master and pricing procedures.
  
  By following these steps, you should be able to identify and resolve the cause of the OM470 error in SAP.