Material & & & does not exist

What causes this issue?

For material &V1&, no material master data exists in plant &V2&,
storage location &V3&.

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?

INCLUDE NA_EINGABE_PRUEFEN
If your entries are correct, then storage location data does not yet
exist for the material.
Storage location data is created when you
maintain the Storage view for the material or
use the 'Enter Storage Locations' function in the material master menu
or
post the first goods receipt (provided that automatic creation of
storage location data is allowed for the given plant and movement
type).

Error message extract from SAP system. Copyright SAP SE.