No CPE formula assembly procedure could be determined

What causes this issue?

No procedure could be determined for assembling formulas of the
Commodity Pricing Engine (CPE) using the following key fields:
Sales area: ,, &V1&
Document pricing procedure: ,, &V2&
Customer pricing procedure: ,, &V3&

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

No CPE formulas can be determined in this sales order.

How to fix this error?

Contact your system administration.

Procedure for System Administrators

Check the customer pricing procedure and if necessary correct the
customer master data with <DS:TRAN.VD03>Change Customer</> for customer
&V4& and sales area &V1&.
Check the document pricing procedure assigned to the sales order type.
Use <DS:SIMG.SIMG_CFMENUOLSDFP4>Define And Assign Pricing Procedure</>
to correct the customizing if required.
<DS:SIMG.CPEV_SD_FA_PROC>Determine Procedure for Formula Assembly</> and
assign a valid CPE determination procedure and routine to sales area
&V1& and the pricing procedures of the sales order type and customer.

Error message extract from SAP system. Copyright SAP SE.