SAP Message VD347 - Date & is not valid with period & (missing planning calendar)

Diagnosis
You have not maintained a planning calendar in the material masterrecord.

System Response
You must assign a planning calendar to the material in the materialmaster record in order to work with flexible period lengths in theplanning calendar.

Procedure
Enter the planning calendar in the material master record (MRP datascreen 2).
As necessary, check whether the called application supports this periodindicator.