Last serial number for the material -> transaction canceled

What causes this issue?

The last <GL:serial_number>serial number</> has been allocated for this
<GL:material>material</>.
The number range for the serial numbers that can be allocated for the
material is now full.

System Response

INCLUDE 'VERBUCHUNG' OBJECT DOKU ID TX LANGUAGE EN

How to fix this error?

INCLUDE 'SYSTEMVERWALTER' OBJECT DOKU ID TX LANGUAGE EN

Error message extract from SAP system. Copyright SAP SE.