SAP Message 61704 - Pegged planned order for requirements &1 / &2 does not exist

Diagnosis
Planned order &V3& is to be procured by direct production. The peggedrequirement is dependent requirement &V1&/&V2&. This dependentrequirement includes planned order &V4& as the pegged requirement, butplanned order &V4& could not be found.

Procedure
Check the pegged requirement explosion level of planned order &V3&.