When creating a New Cost Estimate for a material, system gives the error message:
Creation of material cost estimate failed.
SAP Business ByDesign.
Reproducing the Issue
Go to the Inevtory Valuation work center.
- Go to the Material Cost Estimates view.
- Click on New -> Cost Estimate.
- Enter the Material ID, Business Residence, Valid From, Explosion Date and Set of Books.
- Click on Estimate.
- Error Message: "Creation of material cost estimate failed".
In the Inventory Valuation work center -> Master Data -> Materials, under the Planning Tab you could see that the Procurement Type is maintained as External Procurement. Production Models does not work with External Procurement.
You have to change the Procurement Type to In-house Production in the Material master data and then create a New Production Model from the Planning and Production Master Data - Production Models.
Material cost estimate, Production model , KBA , production model , cost estimate , material , SRD-FIN-INV , Inventory , Problem