No batch stock exists for material &

What causes this issue?

The system has not found any batch stock for material &V1&.
Possible reasons for this are:
The material is not managed in batches.
There are no batches in stock.

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 MB_NA_OTHER
INCLUDE MB_NA_MMBE
INCLUDE MB_NA_MM03

Error message extract from SAP system. Copyright SAP SE.