ECC 600 - Cost Estimates for Consigned Material

Question

We are in ECC 600and planning to implement Consigned Inventory in short time. However I am stuck with Inventory revaluation for consigned material.
Consingment Flow: Vendor ship these items against standard PO at zero price. At the consumption pricing is captured from Purchase info records.
Material valuation: We are using valuation variant 001 Planned valuation - mat. with
<b> Primary Strategy Sequence            </b>
Planned Price 1             
Valuation Price 1 Based On Co
Price from Purchasing Info Re
Sub-Strategy Sequence with Purchasing : Strategy Sequence                 
Purchase Order Price via Condition
Gross Purchase Order Price        
Effective Price from Purchase Order
However when I try create cost estimate I am getting following error,
" No price could be determined for material/batch <......>/ plant <..> "
Any suggestions.
Thanks
Uday

Answer 1

Thanks for the quick response. I did maintain Purchasing info record using ME12. We do see pricing information at the time Production order backflsh. However contract and PO has no pricing information. Therefore initial GR is created with zero price. However at the time consumption against prod order, consignment material gets price from the Purchase info record. Bur consumption documents are not linked back to PO.When I try to cost these material using CK11N, SAP gives following messages,
Msg.typ Material Plnt Area MsgNo Message Text
I 1000 CK 037 Lot size 1 EA taken from costing view
I 1000 CK 776 No valid source of supply found for material plant 1000
E 1000 CK 465 No price could be determined for material/batch / plant 1000
I 1000 CK 361 Value of costing item 00001 in itemization is 0
E 1000 CK 240 Cost component split costed with value of zero
Any clue.
Thanks,
uday