No bill of material exists

What causes this issue?

No bill of material (BOM) exists yet for this material, for example,
because
you have only just started to create the material master record
you have not yet created a BOM in the system for this material

System Response

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

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.