Replacement type is missing for material &1, sequence number &2

What causes this issue?

No value exists for the field <ZH>Replacement type</>.

System Response

No replacement type has been entered for material &V1& with sequence
number &V2&.

How to fix this error?

Enter a replacement type.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.