Set up Inventory organization options.
Navigation: Inventory ---> Setup --->Organization --->Parameters
LCM Enabled Flag Should be set to yes.
1. If LCM has to be enabled for a Process Manufacturing organization, Process manufacturing enabled flag should set Y Prior to Setting LCM Flag to Y. This is done to ensure proper integration of OPM and LCM Organization.
2. Manufacturing partner, EAM or WCS organization cannot have LCM Enabled.
Go to Other Accounts Tab in Inventory parameters and complete the Details.