Continuous inventory procedure not allowed for storage type &

What causes this issue?

You attempted to select storage bins for continuous inventory in storage
type &V1&. Inventory methods are defined separately for each storage
type. <GL:continuous_inventory>Continuous inventory</> has not been
defined for storage type &V1&.

How to fix this error?

Select another inventory method for this storage type.
IF &[SWITCH]S4H_DOCU_ON_PREMISE& = 'X'.

Procedure for System Administrators

If you want to select storage bins for continuous inventory in storage
type &V1&, you must define that inventory method in the Customizing
application. The indicator for the continuous inventory method is
<LS>pz</>.
ENDIF.

Error message extract from SAP system. Copyright SAP SE.