No reporting points found

What causes this issue?

You are attempting to do the following:
Valuate the scrap confirmed at the reporting points in variance
calculation
Calculate the work in process (WIP)
However, the system cannot find any reporting points. This may be caused
by the following:
You selected a repetitive manufacturing profile that does not allow
reporting point quantities.
You are attempting to process a product cost collector for which no run
schedule headers have been created.
You have deleted the reporting points.

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?

Check the repetitive manufacturing profile and its control parameters.
If it is not possible to valuate scrap, check the variance key. If it is
not necessary to calculate scrap, deselect the <LS>Scrap</> indicator.
If you have not selected the <LS>Scrap</> indicator but still confirm
scrap, the scrap costs are assigned to the other variance categories
(such as input quantity variances or resource-usage variances).

Error message extract from SAP system. Copyright SAP SE.