How To Fix /SCWM/VALUATION003 - Fill in the standard price

SAP Error Message - Details

• Message type: E = Error

• Message class: /SCWM/VALUATION -

• Message number: 003

• Message text: Fill in the standard price

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /SCWM/VALUATION003 - Fill in the standard price ?

  The SAP error message /SCWM/VALUATION003 indicates that the standard price for a product is not filled in the system. This error typically occurs in the context of inventory management and valuation in the SAP Extended Warehouse Management (EWM) module.
  Cause:
  The error is triggered when:
  
  The standard price for a material is not maintained in the material master record.
  The material is set up for valuation, but the necessary pricing information is missing.
  There may be issues with the configuration of the valuation area or the valuation class.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Material Master Record:
  
  Go to transaction code MM03 (Display Material) or MM02 (Change Material).
  Enter the material number and select the appropriate views (usually Accounting and Costing).
  Ensure that the standard price is filled in the "Price" field under the Accounting view.
  
  
  
  Maintain Standard Price:
  
  If the standard price is missing, you can maintain it using transaction code CK11N (Create Cost Estimate with Quantity Structure) or CK40N (Change Cost Estimates).
  Alternatively, you can use transaction code MR21 (Change Price) to update the standard price directly.
  
  
  
  Check Valuation Class:
  
  Ensure that the valuation class assigned to the material is correctly configured in the system.
  You can check this in the material master under the Accounting view.
  
  
  
  Review Configuration:
  
  If the issue persists, review the configuration settings for the valuation area and ensure that they are set up correctly.
  You may need to consult with your SAP configuration team or refer to the SAP documentation for specific settings related to your organization.
  
  
  
  Reprocess the Transaction:
  
  After updating the standard price, reprocess the transaction that triggered the error to see if the issue is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  MM03 - Display Material
  MM02 - Change Material
  CK11N - Create Cost Estimate
  CK40N - Change Cost Estimates
  MR21 - Change Price
  
  
  
  SAP Notes and Documentation:
  
  Check SAP Notes for any known issues or patches related to this error message.
  Refer to the SAP Help Portal for detailed documentation on material valuation and pricing.
  
  
  
  User Roles and Authorizations:
  
  Ensure that the user has the necessary authorizations to change material master data and pricing information.
  
  
  
  By following these steps, you should be able to resolve the /SCWM/VALUATION003 error and ensure that the standard price is correctly maintained in the system.