Split material valuation was not activated

What causes this issue?

The transaction used to manage objects for split material
valuation cannot be used, because split valuation is not active.

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

System Response

How to fix this error?

You can activate split material valuation in
<DS:TRANS.OMW0>valuation control</>.

Error message extract from SAP system. Copyright SAP SE.