Storage location & is lean WM. No inventory provided for in WM

What causes this issue?

You attempted to take inventory in a <GL:storage_location>storage
location</> in which stock is not managed in <GL:storage_bin>bins</>
(storage location is used for <GL:Lean_WM>Lean WM</>).

How to fix this error?

You can only carry out WM inventory in storage locations and
<GL:storage_type>storage types</> that are defined for managing stock
in bins.

Error message extract from SAP system. Copyright SAP SE.