No control cycle relevant for stock correction was found

What causes this issue?

You want to carry out stock correction. However, no control cycle for
which a stock correction could be carried out could be found for the
data you entered.

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?

Create a control cycle:
With a <DS:GLOS.3526C3DDAFAB52B9E10000009B38F974>supply area</> storage
location that is WM-managed, or
Which procures the material from the control cycle specifically for the
storage location. That is, there may not be several control cycles that
procure the material for the same storage location. Otherwise, none of
the control cycles can be used in the stock correction.
Whose material is planned in only in SAP SCM.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.