Archive file cannot be stored

What causes this issue?

Neither a WebDAV archive store nor a content repository is entered in
the related IRM rule.

System Response

The storage procedure is terminated.

How to fix this error?

Repeat the storage procedure after either an archive store or a content
repository is entered in the related rule.

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.