SAP Transaction OMLK: A Step-by-Step Guide for SAP Users

Welcome to our tutorial on SAP transaction OMLK, a crucial transaction code used in SAP Materials Management (MM) module. In this tutorial, we will provide you with a detailed step-by-step guide on how to effectively utilize OMLK for configuring a price control indicator in your SAP system. Whether you are a beginner SAP user or an experienced consultant, this tutorial will equip you with the necessary knowledge to navigate through OMLK seamlessly.

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Now, let’s begin our tutorial on using SAP transaction OMLK.

What is SAP Transaction OMLK?

SAP Transaction OMLK (Price Control Indicator) is a key transaction code used in SAP MM to configure the price control indicator for materials. The price control indicator determines how the system values materials and calculates their costs. With OMLK, you can seamlessly set the appropriate price control indicator for your materials, ensuring accurate cost calculations and financial reporting.

Step 1: Accessing SAP Transaction OMLK

To start using OMLK, follow these steps:

1. Log in to your SAP system using your user ID and password.
2. Launch the SAP Easy Access Menu.
3. Navigate to the “Logistics” folder and expand it.
4. Locate and click on the “Materials Management” folder.
5. From the sub-menu, select “Valuation” and click on “Valuation” again to proceed to the OMLK transaction.

Step 2: Configuring Price Control Indicator with OMLK

Once you have accessed OMLK, you will encounter the OMLK transaction screen, which consists of various fields and options. Let’s explore the process of configuring the price control indicator:

1. Start by selecting the relevant plant for which you want to configure the price control indicator.
2. Next, choose the material type for which you want to set the price control indicator.
3. In the “Price Control” field, select the appropriate indicator based on your business requirements. The available options are:

   • S: Standard Price (moving average price)
   • V: Moving Average Price

4. Click on the “Save” button to save the changes to the price control indicator.

Congratulations! You have successfully configured the price control indicator using SAP transaction OMLK.

Step 3: Exploring Additional Functionality

SAP transaction OMLK offers various additional functionalities to streamline your material valuation processes. Here are some notable features you can leverage:

• Display Price Control Indicators: Use OMLK to display existing price control indicators by selecting the relevant plant and material type. This allows you to review the configured indicators and ensure consistency in your material valuation.
• Change Price Control Indicators: OMLK also enables you to modify existing price control indicators. You can select the plant and material type, and then update the indicator as per your requirements. Simply click on the “Save” button to save the changes.

Conclusion

In this tutorial, we have provided you with a comprehensive guide on using SAP transaction OMLK in the SAP MM module. We covered the basics of OMLK, explained how to configure the price control indicator, and explored additional functionalities. Remember, continuous learning and practice are key to becoming proficient in SAP MM.

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